The Pricing of Portuguese Privatisation Second Initial Public Offerings
نویسندگان
چکیده
منابع مشابه
The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories
We test the empirical implications of several models of IPO underpricng. Consistent with the winner’s-curse hypothesis, we show that in markets where investors know a priori that they do not have to compete with informed investors, IPOs are not underpriced. We also show that IPOs underwritten by reputable investment banks experience significantly less underpricing and perform significantly bett...
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ژورنال
عنوان ژورنال: ISRN Economics
سال: 2014
ISSN: 2090-8938
DOI: 10.1155/2014/652712