IPO underpricing over time: Evidence from the UK

Applied Economics Letters

Volumn 11, Issue 1, 2004, Pages 5-9

  Unlu, Emre ^a   Ferris, Stephen P ^a   Noronha, Gregory ^b  

^a UNIVERSITY OF MISSOURI   (United States)

^b ARIZONA STATE UNIVERSITY WEST   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

FINANCIAL MARKET; INTERNET; PRICE DETERMINATION; TECHNOLOGICAL DEVELOPMENT;

EURASIA; EUROPE; NORTH AMERICA; UNITED KINGDOM; UNITED STATES; WESTERN EUROPE;

EID: 1242276666     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485042000187426     Document Type: Article

References (7)

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2. Carter, R. and Manaster, S. (1990) Initial public offerings and underwriter reputation, Journal of Finance, 45, 1045-68.
3. Carter, R., Dark, F. and Singh, A. (1998) Underwriter reputation, initial returns, and the long-run performance of IPO stocks, Journal of Finance, 53, 285-311.
4. Ljungqvist, A. and Wilhelm, W. (2003) IPO pricing in the dotcom bubble, Journal of Finance, 58, 753-52.
5. Loughran, T. and Ritter, J. (2002) Why has IPO underpricing changed over time? Working Paper, University of Florida.
6. Ritter, J. (1984) The 'hot issue' market of 1980, Journal of Business, 57, 215-40.
7. Ritter, J. (2003) Differences between European and American IPO Markets, European Financial Management, forthcoming.