Allocation of reserved shares in IPO and the underpricing of IPO shares.

One of the main conundrums surrounding IPO is the identification of elements behind the prevalence of under-pricing. This paper investigates the rationales behind the implementation of Directed Share Program (DSP) in IPOs and its significance on the under-pricing of the issue. IPO samples are collec...

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Bibliographic Details
Main Authors: Suren S/O Maniam., Chua, Jia Hao., Tan, Wei De.
Other Authors: Chong Beng Soon
Format: Final Year Project
Language:English
Published: 2013
Subjects:
Online Access:http://hdl.handle.net/10356/51579
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Institution: Nanyang Technological University
Language: English