| Tekijä: | Bradley, D.J. Jordan, B.D. Ritter, J.R. |
| Otsikko: | The quiet period goes out with a bang |
| Lehti: | Journal of Finance
2003 : FEB, VOL. 58:1, p. 1-36 |
| Asiasana: | Initial public offerings Time |
| Kieli: | eng |
| Tiivistelmä: | The expiration of the IPO quiet period, which occurs after the 25th calendar day following the offering is examined. For IPOs during 1996 to 2000, it is found that analyst coverage is initiated immediately for 76% of these firms, almost always with a favorable rating. Initiated firms experience a five-day abnormal return of 4,1% versus 0,1% for firms with no coverage. |
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