Business, Management and Accounting
5 years ago

Billions left on the table: IPO underpricing in Hong Kong market exposed.

Analysis of IPO underpricing and clustering in the Hong Kong equity market
Yongyuan Qiao

Paper Summary

IPO underpricing is a common phenomenon in financial markets worldwide. From 1990 to 1998, over $27 billion was left on the table in the US due to IPO underpricing. Despite efforts to understand this trend, there is limited research on the extent of underpricing and the reasons behind the variations in underpricing levels.

Related papers

Business, Management and Accounting
3 years ago

European IPOs with high information asymmetries lead to greater underpricing.

Corporate Governance
1 view
Business, Management and Accounting
8 years ago

China's IPO underpricing influenced by underwriter's timing and size

Corporate Governance
Theme background image
Environmental Science
8 years ago

IPO Underpricing in China's Stock Market Revealed: Implications for Investors

Water Management