flotations initial public offerings
aggarwal and conroy-price discovery in initial public offerings and the role of the lead underwriter
Ngày tải lên :
23/04/2014, 16:09
... have a median initial return of 4.56 percent These returns increase almost monotonically with the opening time until noon, as seen in Table V Price Discovery in Initial Public Offerings 2917 ... syndicate members not quote in the preopening; many of them not even become Price Discovery in Initial Public Offerings 2907 a market maker in the stock Consistent with the findings of Ellis, Michaely, ... stock Number of Quotes in the Preopening 2910 The Journal of Finance Price Discovery in Initial Public Offerings 2911 before the market opens; IPOs that have a longer preopening period also have...
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FM11 Ch 19 Initial Public Offerings, Investment Banking, and Financial Restructuring
Ngày tải lên :
06/04/2015, 19:41
... private placement and a public offering In a private placement, such as to angels or VCs, securities are sold to a few investors rather than to the public at large In a public offering, securities ... company consider going public? Advantages of going public Current stockholders can diversify Liquidity is increased Easier to raise capital in the future Going public establishes firm ... not sold at once, but partial sales occur over a period of time Public and private debt issues Seasoned equity offerings (public and private placements) 19 - 25 What is a rights offering?...
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Mispricing of initial public offerings (IPOs) the role of accounting information
Ngày tải lên :
30/09/2015, 16:44
... ProQuest LLC 789 East Eisenhower Parkway P.O Box 1346 Ann Arbor, MI 48106 - 1346 MISPRICING OF INITIAL PUBLIC OFFERINGS (IPOs): THE ROLE OF ACCOUNTING INFORMATION A DISSERTATION APPROVED FOR THE MICHAEL ... and finance literature documents evidence that shares of initial public offering (IPO) firms are overpriced by the end of the first day of public trading, leading to inferior long-run stock price ... (http://bear.cba.ufl.edu/ritter/ipodata.htm) The initial sample comprises 7,477 firms which have US initial public offerings during the period from 1988 to 2007 I exclude 28 IPOs that took place before 1988...
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Earnings management in initial public offerings (IPOs) of u s REITs
Ngày tải lên :
05/10/2015, 19:01
... Ritter and Welch (2002) documented that from 1980 to 2001 Initial Public Offerings (IPOs) industrial firms reported an average 18.8% abnormal initial return at the end of the first day of trading ... Underpricing Going public is a major milestone in the life of a company There are several interesting issues that draws the attention of industry and academic The high initial return of initial public offering ... first-day returns, but low long-run risk-adjusted returns Dorn (2003), using German initial public equity offerings data, found that retail investors would to overpay and end up overpaying for...
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Issue manager reputation, underpricing and long run performance of initial public offerings evidence from the singapore IPO market
Ngày tải lên :
08/11/2015, 17:16
... three different measures of initial return namely raw initial return, market-adjusted initial return and matched firmadjusted initial return They are defined as follows Raw initial return (Ri,0) is ... Table 3.2 Listing Requirements on Shareholding Distribution 31 Table 5.1 Distribution of Initial Public Offerings by Calendar Year 58 Table 5.2 Summary Statistics of IPOs by Reputation Class 62 ... = Raw initial return of the issuing firm i as derived in Equation 2.1, and Rm,0 = Return on STI as at IPO listing date Matched firm-adjusted initial return (MFARi,0) is measured as raw initial...
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Underpricing In Initial Public Offerings: Evidence From The U.S Avgoustinos Filippoupolitis
Ngày tải lên :
10/12/2016, 15:34
... in Initial Public Offerings: Evidence from the US Chapter 1: Introduction Going public is an important decision in the life-cycle of a company Most companies go public through an initial public ... results…….…………………………………………… 51 Page | Underpricing in Initial Public Offerings: Evidence from the US Abstract This thesis covers a review of the literature regarding the initial public offerings underpricing phenomenon ... the initial underpricing of the IPOs; the Raw Initial Return (RIR) and the Market Adjusted Initial Return (MAIR) as defined by Gounopoulos (2003) Page | 35 Underpricing in Initial Public Offerings: ...
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Key factors affecting initial public offering return an examination of compannies going public in vietnam
Ngày tải lên :
13/05/2017, 21:33
... Business Phan Thi Thuy Mai KEY FACTORS AFFECTING INITIAL PUBLIC OFFERING RETURN AN EXAMINATION OF COMPANIES GOING PUBLIC IN VIETNAM ID: MBUS111021 MASTER OF BUSINESS (Honours) SUPERVISOR: ... relations to the return of IPO Finally, I develop and test the prediction model Keywords: Initial public offerings, IPO Return, underwriter prestige, total asset, leverage, state ownership ACKNOWLEDGEMENT ... these things, I research with the topic: “Key factors affecting Initial public offering (IPO) return An examination of Companies going public in Vietnam.” The study identified the following specific...
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