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Author: | Mahérault, L. Belletante, B. |
Title: | Does choosing a section of the stock exchange matter in the IPO of SMEs? The French case |
Journal: | Small business economics
2004 : DEC, VOL. 23:4, p. 337-348 |
Index terms: | Small and medium-sized enterprises (SMES) Initial public offerings Financial markets Integration Market segmentation France |
Language: | eng |
Abstract: | This article focuses on the underpricing phenomenon among listed SMEs. It is argued that the institutional vision may lead to different pricing when a company is being listed and that the firms listed on the Nouveau Marché (NM) are very different from the firms listed on the Second Marché (SM). |
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