IPO Underpricing Leads to Wealth Loss for Entrepreneurs
The article "Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence" explores the phenomenon of initial public offerings (IPOs) and how underpricing can lead to wealth losses for entrepreneurs. The researchers analyzed data to understand the impact of underpricing on entrepreneurial wealth in IPOs. They found that underpricing can result in significant wealth losses for entrepreneurs, highlighting the importance of pricing strategies in IPOs.