IPO: Basic Academic Issues
Keywords:
IPO, underpricing, IPO waves, long-run underperformance
Abstract
Authors: Dmitry Alexandrovich Kokorev National Research University The Higher School of Economics
A G Chistyakov National Research University The Higher School of Economics
This paper contributes to the literature on IPO by providing a review of IPO returns phenomena. We start with the underpricing issue that relates to the empirical evidence of a significant price increase immediately after the initial public offering. We continue with the literature on long-turn IPO returns and the reasons of IPO waves existence. Finally we prove that all of the above mentioned phenomena are closely interrelated.
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Published
2013-02-14
How to Cite
КокоревД. А. and ЧистяковА. Г. (2013) “IPO: Basic Academic Issues”, Journal of Corporate Finance Research | ISSN: 2073-0438, 6(4), pp. 144-151. doi: 10.17323/j.jcfr.2073-0438.6.4.2012.144-151.
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Reviews