Underpricing and IPO proceeds: A note

Economics Letters

Volumn 61, Issue 3, 1998, Pages 381-383

  Habib, Michel A ^a   Ljungqvist, Alexander P ^b  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

^b UNIVERSITY OF OXFORD   (United Kingdom)

Author keywords

G32; IPO proceeds; Uncertainty; Underpricing

Indexed keywords

EID: 0032330363     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(98)00201-8     Document Type: Article

References (6)

1. Beatty R.P., Ritter J.R. Investment banking, reputation, and the underpricing of initial public offerings. J. Financial Econ. 15:1986;213-232.
2. Beatty R.P., Welch I. Issuer expenses and legal liability in initial public offerings. J. Law Econ. 36:1996;545-602.
3. Jenkinson, T.J., Ljungqvist, A.P., 1996. Going Public: The Theory and Evidence on how Companies Raise Equity Finance. Oxford University Press, Oxford and New York, p. 48.
4. Megginson W.L., Weiss K.A. Venture capitalist certification in initial public offerings. J. Finance. 46:1991;879-903.
5. Michaely R., Shaw W.H. The pricing of initial public offerings: Tests of adverse-selection and signaling theories. Rev. Financial Studies. 7:1994;279-319.
6. Rock K. Why new issues are underpriced. J. Financial Econ. 15:1986;187-212.