Ownership structure of IPO firms in Singapore and its implications on underpricing

• Main Authors: Tan, Jasmine Lay Khim, Heng, Soo Yuin, Ang, Mei Zhen
• Other Authors: Chong, Beng Soon
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/9354
• Institution: Nanyang Technological University

In this paper, we examine how ownership structure affects underpricing from the year 1990 to 2002 by focusing on two aspects of the ownership structure – Pre-IPO (Initial Public Offering) ownership stakes and ownership concentration. Our results show that indeed, pre-IPO ownership stakes does affect...