Long-Run Pricing Performance of Initial Public Offerings (IPOs) in Pakistan

Long-Run Pricing Performance of Initial Public Offerings (IPOs) in Pakistan

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This study investigates the long-run pricing performance of 90 IPOs listed on the Karachi Stock Exchange from 1995 to 2010. This study finds evidence that IPOs show signs of underpricing and underperform over three years after listing; however, the observed pattern of underperformance is not always...

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Bibliographic Details
Main Authors: Muhammad Zubair Mumtaz, Ather Maqsood Ahmed
Format: Article
Language:English
Published: National University of Sciences and Technology 2021-01-01
Series:NUST Journal of Social Sciences and Humanities
Subjects:
Initial Public offerings
Underperformance
Extreme Bounds Analysis
Online Access:https://njssh.nust.edu.pk/index.php/njssh/article/view/14

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