haku: @author Lee, P. / yhteensä: 104
viite: 27 / 104
| Tekijä: | Lee, P. Taylor, S. Walter, T. |
| Otsikko: | IPO underpricing explanations: implications from investor application and allocation schedules |
| Lehti: | Journal of Financial and Quantitative Analysis
1999 : DEC, VOL. 34:4, p. 425-444 |
| Asiasana: | PRICING INVESTORS ALLOCATION |
| Kieli: | eng |
| Tiivistelmä: | Initial Public Offers (IPOs) made on the Stock Exchange of Singapore routinely provide sufficiently detailed data to allow reconstruction of both the application and allocation schedules. The authors show that large investors tend to preferentially request participation in IPOs with higher initial returns, consistent with these investors being better informed. They also show that inferences based exclusively on application strategies are quite different from those drawn on investor allocations. |
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