Determinants of reserved shares allocation in an IPO

• Main Authors: Tan, Ying Wen, Yeo, Vanessa Ya Wen, Aw, Li Ling
• Other Authors: Chong Beng Soon
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/15065
• Institution: Nanyang Technological University

This paper examines the reasons, trends and determinants for reserved shares allocation of firms in an initial public offering (IPO). We found that the main reason for allocating reserved shares is to recognize and reward those who have contributed to the success of the firm. Trend analysis revealed...