Blar i Discussion papers (FOR) på emneord "initial public offerings"
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Overpricing (and underpricing) in IPOs : a model of excess initial returns
(Discussion paper, Working paper, 2000-12)This paper develops a model in which new issues, in equilibrium, may be overpriced or underpriced, depending on parameter values. The ability of an investor to withdraw from the offering upon observing unfavorable information ...