SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY

The last two decades have seen an active market for initial public offerings (IPOs) of equity securities in the U.S. and around the world. This market activity has been accompanied by a growing empirical and theoretical literature documenting and explaining the patterns (Welch and Ritter, 2002). Wit...

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Main Author: Pan, Qimin
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2007
Subjects:
Online Access:https://eprints.nottingham.ac.uk/21549/
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author Pan, Qimin
author_facet Pan, Qimin
author_sort Pan, Qimin
building Nottingham Research Data Repository
collection Online Access
description The last two decades have seen an active market for initial public offerings (IPOs) of equity securities in the U.S. and around the world. This market activity has been accompanied by a growing empirical and theoretical literature documenting and explaining the patterns (Welch and Ritter, 2002). With the rapid development of China's economy, since the policy of reforming and opening-up was executed 27 years ago, China has become more involved in the global economy system(Zhang, 2002). More and more Chinese companies started to enter the international stock markets for capital raising. Going public in the international stock exchanges is a good way for Chinese companies to get investments and capital to expand their business. Today, over 100 Chinese companies have been listed on Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq etc. There are many options for Chinese companies to issue shares. But, in this thesis, only listing on the New York Stock Exchange is to be discussed, mainly because New York Stock Exchange can be taken as the representative of world stock markets, and going to do some research related to China and U.S purposely. This thesis provides the basic knowledge of New York Stock Exchange, and describes the general matters related to listing on New York Stock Exchange including listing requirements and procedures. Furthermore, it conducts an analysis of the possibility and feasibility of Chinese company's listing in U.S, with a recently listed Chinese company E-House China Holding Limited as an illustration. Its objective is to help Chinese companies get a better understanding of New York Stock Exchange. Moreover, IPO valuation mechanism and IPO pricing is also discussed in the thesis. The thesis is expected to be valuable for Chinese companies seeking overseas listing, and anyone who has interest in this subject.
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spelling nottingham-215492018-02-16T04:10:00Z https://eprints.nottingham.ac.uk/21549/ SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY Pan, Qimin The last two decades have seen an active market for initial public offerings (IPOs) of equity securities in the U.S. and around the world. This market activity has been accompanied by a growing empirical and theoretical literature documenting and explaining the patterns (Welch and Ritter, 2002). With the rapid development of China's economy, since the policy of reforming and opening-up was executed 27 years ago, China has become more involved in the global economy system(Zhang, 2002). More and more Chinese companies started to enter the international stock markets for capital raising. Going public in the international stock exchanges is a good way for Chinese companies to get investments and capital to expand their business. Today, over 100 Chinese companies have been listed on Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq etc. There are many options for Chinese companies to issue shares. But, in this thesis, only listing on the New York Stock Exchange is to be discussed, mainly because New York Stock Exchange can be taken as the representative of world stock markets, and going to do some research related to China and U.S purposely. This thesis provides the basic knowledge of New York Stock Exchange, and describes the general matters related to listing on New York Stock Exchange including listing requirements and procedures. Furthermore, it conducts an analysis of the possibility and feasibility of Chinese company's listing in U.S, with a recently listed Chinese company E-House China Holding Limited as an illustration. Its objective is to help Chinese companies get a better understanding of New York Stock Exchange. Moreover, IPO valuation mechanism and IPO pricing is also discussed in the thesis. The thesis is expected to be valuable for Chinese companies seeking overseas listing, and anyone who has interest in this subject. 2007 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/21549/1/07MSCitxqp.pdf Pan, Qimin (2007) SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY. [Dissertation (University of Nottingham only)] (Unpublished) Quote IPO IPO Pricing Case Study Chinese NYSE seeking a quote computational finance stock stock market Initial Public Offering
spellingShingle Quote
IPO
IPO Pricing
Case Study
Chinese
NYSE
seeking a quote
computational
finance
stock
stock market
Initial Public Offering
Pan, Qimin
SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title_full SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title_fullStr SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title_full_unstemmed SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title_short SEEKING A QUOTE ON NYSE - A CHINESE CASE STUDY
title_sort seeking a quote on nyse - a chinese case study
topic Quote
IPO
IPO Pricing
Case Study
Chinese
NYSE
seeking a quote
computational
finance
stock
stock market
Initial Public Offering
url https://eprints.nottingham.ac.uk/21549/