Allocation of reserved shares in IPO and the underpricing of IPO shares.
One of the main conundrums surrounding IPO is the identification of elements behind the prevalence of under-pricing. This paper investigates the rationales behind the implementation of Directed Share Program (DSP) in IPOs and its significance on the under-pricing of the issue. IPO samples are collec...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/51579 |