Abstract
An inverse relation between underpricing and IPO proceeds holds true because of dilution, even as uncertainty remains unchanged. The use of the inverse of IPO proceeds as a proxy for uncertainty may therefore be misleading.
Underpricing and IPO proceeds: a note
Habib, Michel A; Ljungqvist, Alexander P (1998). Underpricing and IPO proceeds: a note. Economics Letters, 61(3):381-383.
Additional indexing
| Item Type: | Journal Article, refereed, original work |
|---|---|
| Communities & Collections: | 03 Faculty of Economics > Department of Finance |
| Dewey Decimal Classification: | 330 Economics |
| Scopus Subject Areas: | Social Sciences & Humanities > Finance
Social Sciences & Humanities > Economics and Econometrics |
| Scope: | Discipline-based scholarship (basic research) |
| Language: | English |
| Date: | 1 December 1998 |
| Deposited On: | 01 Sep 2020 11:58 |
| Last Modified: | 23 Sep 2024 01:36 |
| Publisher: | Elsevier |
| ISSN: | 0165-1765 |
| OA Status: | Closed |
| Publisher DOI: | https://doi.org/10.1016/S0165-1765(98)00201-8 |
| Related URLs: | https://www.sciencedirect.com/science/article/abs/pii/S0165176598002018 (Publisher) |
| Other Identification Number: | merlin-id:19643 |
Download
Links
Statistics
Citations
Dimensions.ai Metrics
Habib, Michel A