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Raising Equity Capitals

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ISBN-10: 3838399862

ISBN-13: 9783838399867

Edition: N/A

Authors: Hamid Uddin

List price: $106.00
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In many emerging countries, IPOs are not quickly listed after fixing the offer price. When an offer price is fixed well before listing, the initial underpricing will not necessarily reflect the intended discount on the offer price. A high discount may not be able to mitigate the error in offer pricing, because additional information revealing during the listing time lag affects IPO valuation before listing. However, high discount provides net return to investors after the cost of funds for issue subscriptions. Malaysian evidence shows that initial underpricing is significantly affected by IPO listing time lag, indicating that IPO valuation changes after the offer price is fixed when more…    
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Book details

List price: $106.00
Publisher: Lap Lambert Academic Publishing GmbH & Company KG
Binding: Paperback
Pages: 252
Size: 6.00" wide x 9.00" long x 0.57" tall
Weight: 0.836
Language: English