Business, Management and Accounting
3 years ago

IPO Issuers in Malaysia Alter Use of Funds, Impacting Market Performance.

Lecture notes in networks and systems
Managers’ Bait-and-Switch Tactics in the Malaysian Initial Public Offerings Market
Bazeet Olayemi Badru, Nurwati A. Ahmad‐Zaluki

Paper Summary

Managers of Malaysian companies often use IPO money differently than they promised in their prospectus. Out of 121 companies studied, 73 changed how they used the money raised, and 27 couldn't explain where the money went. Some companies even got approval to change their plans. This could affect how well the companies do after going public. Future research should look at how these changes impact company performance.

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