An Empirical Investigation of the Chinese IPO Market
In this paper, I study the underpricing of the 1,072 A-share IPOs and 46 B-share IPOs issued between the periods of 1993 to 2005 in the Chinese market. The average underpricing for A-share is 124.5%, while the average underpricing for B-share IPOs is only 17.8%. I test a number of hypotheses that ma...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2006
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| Online Access: | https://eprints.nottingham.ac.uk/20207/ |