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

• 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: DRNTU::Business::Finance::Corporate finance
• Online Access: http://hdl.handle.net/10356/51579
• Institution: Nanyang Technological University

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...