By Greg N. Gregoriou
A great choice of papers masking either brief and long-term functionality of IPOs and their determinants with a powerful specialise in overseas proof. an enticing examining for lecturers and practitioners.
Fabio Bertoni, PhD, CFA
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Extra resources for Initial public offerings: an international perspective
And Sarig, O. (2005). The Timing of Initial Public Offerings. Journal of Financial Economics, 75(1):115–132. Boehmer E. and Fishe R. P. H. (2002). Price Support by Underwriters in Initial and Seasoned Public Offerings. Working Paper, University of Miami, Miami, FL. , Jordan, B. , Roten, I. -C. (2001). Venture Capital and IPO Lockup Expiration. Journal of Financial Research, 24(4):465–493. , and Gompers, P. (2000). Is the Abnormal Return Following Equity Issuances Anomalous? Journal of Financial Economics, 56(2):209–249.
1 million. 6 million, indicating that most IPOs are relatively small. 5 million on flotation. The average proportion of equity sold, 46%, is well above the market regulatory minimum of 25%. However, an IPO with a 5% minimum proportion sold reflects the fact that the London Stock Exchange continues to exercise its discretion in varying the minimum float, if a particular company’s situation makes it appropriate. 2%. 457) shows that this ratio varies substantially across IPOs. 4%. 5% for the 1990s reported by Menyah and Paudyal (2003).
2005) endogenized the IPO timing decision in their model and predicted, among other issues, IPO clustering and long-run performance. 1 Data sources The data sources for the sample of Nasdaq IPOs for the years 2000 to 2002 were the following. The Securities Data Company (SDC) New Issues Database provided a report of all Nasdaq IPOs during the sample period. com), among others. Financial statement information on the issues for the first fiscal year after initial listing was collected from the Worldscope Database.
Initial public offerings: an international perspective by Greg N. Gregoriou