Effects of interest rate on underpricing of US IPOs

Effects of interest rate on underpricing of US IPOs

This paper investigates the relationship between market-wide interest rate, using U.S 30-day Commercial Paper rate as a proxy, and the uderpricing of U.S IPOs issued between 1985-2003.

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Bibliographic Details
Main Authors: Lim, Eric Cheng How, Yang, Raphael Shi Jun, Tay, Rongming
Other Authors: Kong, Yoon Kee
Format: Final Year Project
Published: 2008
Subjects:
DRNTU::Business::Finance::Equity
Online Access:http://hdl.handle.net/10356/10297
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Institution: Nanyang Technological University
Description
Summary:This paper investigates the relationship between market-wide interest rate, using U.S 30-day Commercial Paper rate as a proxy, and the uderpricing of U.S IPOs issued between 1985-2003.

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