Are initial public offerings underpriced?

In Singapore, numerous studies have documented the short-run underpricing phenomenon of initial public offerings (IPOs). The objective of this study is to do an empirical study on the short-run underpricing phenomenon. In addition, hypothesis testing will also be carried out to see if there is a sig...

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Bibliographic Details
Main Authors: Choo, Souw Hwa, Lee, Huey Huey, Liew, Moy Chin
Other Authors: Koh Siew Kuan
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/55456
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Institution: Nanyang Technological University
Language: English
Description
Summary:In Singapore, numerous studies have documented the short-run underpricing phenomenon of initial public offerings (IPOs). The objective of this study is to do an empirical study on the short-run underpricing phenomenon. In addition, hypothesis testing will also be carried out to see if there is a significant variance in the extent of underpricing between the Stock Exchange of Singapore (SES) Mainboard IPOs and Stock Exchange of Singapore Dealing and Automated Quotation System (SESDAQ) IPOs.