Title :
The undrepricing of venture backed & non venture backed IPOs in China
Author_Institution :
School of Economics and Commence, South China University of Technology, Guangzhou, China
Abstract :
IPO underpricing is common and there are lots of evidence and theory for that. In this article, we compare the underpricing of the venture backed and non-venture backed IPOs in China. We discover that the venture backed IPOs in China tend to underprice more than non-venture backed their counterparts; however, the T test is insignificant which is inconsistent with Lee and Wahal´s discovery in US. We are also explore the reason behind
Keywords :
Certification; Companies; Contracts; Finance; Industries; Venture capital; IPO; Underpricing; Venture Capital;
Conference_Titel :
Information Science and Engineering (ICISE), 2010 2nd International Conference on
Conference_Location :
Hangzhou, China
Print_ISBN :
978-1-4244-7616-9
DOI :
10.1109/ICISE.2010.5688845
