The Short Term Price Performance of Initial Public Offerings of Common Stock: Australia 1991-1994

Colm Kearney and Mahdi Sadeghi

Working Papers from Western Sydney - School of Business And Technology

Abstract: This paper provides new evidence on the short-term pricing of Australian IPOs using daily data on 188 IPOs from January 1991 to december 1994. In contrast to previous Australian studies it clearly demarcates the primary from the secondary IPO market by the first transaction which takes place on the first day of the listed trading.

Keywords: FINANCIAL MARKET; PRICING (search for similar items in EconPapers)
JEL-codes: G13 G18 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:wesybu:e9602

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