Allocation of reserved shares in IPO and their post-IPO performance.
This paper presents and investigates three distinct proposals for the underlying rationales of the allocation of reserved shares, based on 1964 IPOs in the US spanning the years 1997 to 2009, tracking their underpricing, demand and post-IPO performance. Our study reveals that the primary motivation...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/43916 |