Under-Pricing and Long-Run Performance of Initial Public Offerings in Developing Markets

• Main Author: ONG, Sze Wei Daniel
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: IPO; CAPM; three-factor models; stock price; under-pricing; Corporate Finance; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/etd_coll/48; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1047&context=etd_coll
• Institution: Singapore Management University

The transition from being a private company to a public one is one of the most important events in the life of a firm. It is also one of particular interest to institutional investors, and the transition is facilitated through the initial public offering (IPO) process. The IPO provides a fresh sourc...