Business, Management and Accounting
8 years ago

IPO Underpricing Shakes Up Stock Market Norms, Raising Eyebrows Worldwide

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Journal of Harbin University of Commerce
A Review on IPO Underpricing
Shi An

Paper Summary

The article reviews IPO underpricing, a phenomenon where IPOs are priced lower than their actual value. This goes against the Efficient Market Hypothesis. The researchers focus on understanding why this happens and its implications.

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