Underpricing of initial public offers in Malaysia

• Main Authors: Syed Daniel B Syed Taha, Manimehalai d/o Ilangovan, Wan, Foo Yong
• Other Authors: Lau Sie Ting
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/64347
• Institution: Nanyang Technological University

Many studies have documented that underpricing of new issues takes place in almost all bourses. However, a review of studies by Dawson (1985), Dawson (1987), and Yong (1990) demonstrates that such a phenomenon provides the highest initial returns in Malaysia. This study examines the aftermarket...