After Market Pricing Performance of Initial Public Offerings (IPOs)

Falguni H. Pandya

Jindal Journal of Business Research, 2016, vol. 5, issue 1, 1-16

Abstract: Detailed review of literature in Indian and foreign context have empirically documented IPOs anomaly. This paper attempts to study immediate and short- to long-run performance of IPOs in India for the period January 2004 to December 2013. The present paper evaluates IPOs’ performance from initial day to long-term period based on average abnormal return, cumulative abnormal return, buy and hold abnormal return, wealth relative, and market adjusted abnormal return. The paper concludes that IPOs are a good bet to rely upon from immediate to short run and at most till medium term.

Keywords: IPOs; under pricing; over pricing (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jjlobr:v:5:y:2016:i:1:p:1-16

DOI: 10.1177/2278682116670077

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