Speculative bubble in IPOs: evidence from Malaysian Fixed-Price IPOs
This paper examines the issue of speculative bubble in the pricing of Malaysian IPOs. In a fixed-price offering, one would expect the post-listing price movement to behave in accordance to a speculative bubble, where the IPO's price is pushed up high above its true value, and later stabilize...
Main Author: | Othrnan Yong |
---|---|
Format: | Article |
Language: | English |
Published: |
Penerbit Universiti Kebangsaan Malaysia
2014
|
Online Access: | http://journalarticle.ukm.my/7804/1/00000003.PDF |
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