An Empirical Examination of IPO Underpricing in the Chinese A-Share Market
Research in the literature shows that initial public offerings (IPOs) of common stocks are systematically priced at a discount to their subsequent initial trading price. The large underpricing magnitude in the Chinese IPO market has attracted much attention. We consider three hypotheses that may exp...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/442 https://ink.library.smu.edu.sg/context/soe_research/article/1441/viewcontent/IPO_underpricing_A_share_2006_afv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |