Rationale behind IPO underpricing: evidence from Asian REIT IPOs
This article examines the rationale behind IPO underpricing using a sample of REIT IPOs in Asia. Although the IPOs registered an average initial return of 3.08%, the issuers were able to sell the IPO shares above their fundamental values by timing the listings in periods when existing REIT stocks ar...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley & Sons, Inc.
2018
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25636/1/Ooi_et_al-2019-Real_Estate_Economics.pdf |