Title of article :
Underpricing and IPO proceeds: a note
Author/Authors :
Michel A. Habib، نويسنده , , Alexander P. Ljungqvist، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1998
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.
Keywords :
Underpricing , IPO proceeds , Uncertainty
Journal title :
Economics Letters
Journal title :
Economics Letters
