Underpricing and IPO proceeds: a note

被引：19

作者：

Habib, MA

Ljungqvist, AP

机构：

[1] London Business Sch, London NW1 4SA, England

[2] Univ Oxford, Radcliffe Infirm, Said Business Sch, Oxford OX2 6HE, England

来源：

ECONOMICS LETTERS | 1998年 / 61卷 / 03期

关键词：

underpricing; IPO proceeds; uncertainty;

D O I：

10.1016/S0165-1765(98)00201-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 1998 Elsevier Science S.A. All rights reserved.

引用

页码：381 / 383

页数：3

共 6 条

[1] Issuer expenses and legal liability in initial public offerings [J].