Cross sectional determinants of IPO underpricing in China.

• Main Authors: Toh, Daniel Ming Yuan., Loi, Jeremy Meng Hui., Chia, Kenneth Zhong Da.
• Other Authors: Chang Xin
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/43977
• Institution: Nanyang Technological University

Using a dataset of 859 Initial Public Offerings (IPOs) for the period of 1995 to 2011, we empirically examine the determinants of IPO underpricing in China. We document that the amount of capital raised, the proportion of major ownership, and P/E ratio are negatively associated with the level of und...