How IPO Underpricing is Changing The London Stock Exchange Essay
Based on a sample, this paper provides evidence on the Chinese stock market that an increase in economic policy uncertainty EPU significantly reduces the level of underpricing in IPOs. Furthermore, by decomposing IPO underpricing, we find that this effect is driven by both primary and secondary markets. The results indicate that underpricing prevails on the KSE. The level of underprice compared to the marked custom model turns out to be. for the full sample IPOs, which. Research into the effect of institutional changes on IPOs focuses on underpricing in IPOs. Dismon 2009 examined the extent of underpricing on the London Stock Exchange. Underpricing in an initial public offering (IPO) refers to the situation where the issue price of the newly offered shares is set lower than their market value on the first day of trading. In other words, the IPO shares are priced at a level that is lower than what investors are willing to pay once the stock starts trading on the secondary market. If you need immediate assistance, -SSRNHelp, 6435 in the United States, or, outside the United States, 8:30 AM 00PM US Eastern, Monday - Friday. Ashington - IPO on the London Stock 00: ASHINGTON INNOVATION PLC - News article - Regulatory News Service Discover Start your journey here This article aims to explore the impact of companies' corporate governance features on the level of first-day returns, that is say too low prices, to be analyzed on the Italian market for initial public offerings (IPOs). In particular, this work examines the impact of the characteristics of boards of directors, BoDs and ownership structure on the,