Mispricing of Australian IPOs

Ron Bird and Hamza Ajmal

Published Paper Series from Finance Discipline Group, UTS Business School, University of Technology, Sydney

Abstract: Much economic analysis has been undertaken on the well-known anomaly of the incidence of high returns on the first day that an initial public offering (IPO) is listed. This study focuses on the Australian market, which is one of the largest markets in the Asia-Pacific region and has several relevant institutional and regulatory features different from the US market.

Pages: 7 pages
Date: 2016-01-01
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Citations: View citations in EconPapers (1)

Published in: Bird, R. G. an Ajmal, H., 2016, "Mispricing of Australian IPOs", JASSA, 2016(1), 27-33.

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