Empirical test on the rock's model of the pricing of initial public offerings in Singapore.

• Main Authors: Lim, Hoon Khiat., Ong, George Ann Ghee., Toh, Liew Choon.
• Other Authors: Ho, Kim Wai
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Equity
• Online Access: http://hdl.handle.net/10356/9398
• Institution: Nanyang Technological University

This paper presents a research study for a direct test of the empirical implications of Rock's model which explains why, in equilibrium, new issues are underpriced.