May 12th, 2002, 11:17 pm
<< Why do IPO's price where they do? What factors, other than the "value" of the stock, might be built into an IPO price, if any? >>Brav, Alon, Christopher Geczy, and Paul A. Gompers, Is the Abnormal Return Following Equity Issuances Anomalous?, Journal of Financial Economics 56, No. 2, (May 2000), 209-249. Brav, Alon, and Paul A. Gompers, The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-backed Companies, Journal of Finance 52 (December 1997), 1791-1821.T. Loughran and J. R. Ritter, The New Issues Puzzle, Journal of Finance 50 (March 1995), 23-51.
Last edited by
Chukchi on May 12th, 2002, 10:00 pm, edited 1 time in total.