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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).
SCIMA record nr: 258816
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