The tender system - reduces underpricing and increases market efficiency

• Main Authors: How, Hee Teck, Ng, Ngee Cheng, Poh, Lee Lee
• Other Authors: Kwok Chi Hing, Branson
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business::Finance
• Online Access: http://hdl.handle.net/10356/63933
• Institution: Nanyang Technological University

This report presents the empirical findings on the efficacy of the dual-tranche system of share flotation and/or the newly introduced "when-issued" market in increasing the proceed from new issues, reducing underpricing and improving market efficiency in Singapore. Results showed that i...