An Empirical Analysis of The Phenomenon of Initial Public Offering Underpricing in The United States Stock Market (2010 – 2012)
Numerous studies prove that initial public offerings (IPOs) of common stocks are priced at a discount relatively to the closing price in first trading day. Many explanatory hypotheses and models have been advanced to explain this phenomenon. The global financial crisis of 2007 - 2009 result in unpre...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2014
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| Online Access: | https://eprints.nottingham.ac.uk/27401/ |