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Author : Re-Jin Jennifer Guo
Publisher :
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.:/5 (319 download)
Download or read book Withdrawn Initial Public Offerings written by Re-Jin Jennifer Guo and published by . This book was released on 1999 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : IBP, Inc.
Publisher : Lulu.com
ISBN 13 : 143875499X
Total Pages : 298 pages
Book Rating : 4.4/5 (387 download)
Download or read book US Initial Public Offerings (IPO) Regulations Handbook Vollume 1 Strategic Information and Regulations written by IBP, Inc. and published by Lulu.com. This book was released on 2009-03-30 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2011 Updated Reprint. Updated Annually. US Initial Public Offering Regulations Handbook
Author : Arif Khurshed
Publisher : Harriman House Limited
ISBN 13 : 085719688X
Total Pages : 105 pages
Book Rating : 4.8/5 (571 download)
Download or read book INITIAL PUBLIC OFFERINGS - 2ND EDITION written by Arif Khurshed and published by Harriman House Limited. This book was released on 2019-02-18 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fully revised and updated second edition of the essential guide that tells you everything you want to know about IPOs in the UK. An initial public offering (IPO) - the occasion when a firm's shares are issued to the public for the first time - is one of the most exciting events in the life of a company, providing new opportunities for the business, its managers and for investors. IPOs attract a lot of attention from stock market researchers, academics and investors seeking to understand more about how they work and how the shares of IPO companies perform once they are listed. In this second edition of Initial Public Offerings, Arif Khurshed delves into the history of IPOs on the London Stock Exchange, explains the mechanics of how IPOs are arranged and how they are priced, and provides an analysis - with detailed but lucid reference to past academic studies - of how the shares of IPO companies perform in the short and long term. The book provides valuable insight into many fundamental IPO matters, including: - the different methods of flotation that are used, - the alternative ways in which IPO shares are priced, - how common it is for IPO shares to over or underperform, - the survival of IPO firms once they are listed. There are also detailed case studies of the short- and long-run performance of a number of high-profile IPOs, including those of Facebook, Alibaba and Royal Mail. If you are an academic, finance professional or serious investor looking to broaden your knowledge of stock market flotations then you will find Initial Public Offerings to be an indispensable guide.
Author : Arvin Ghosh
Publisher : Routledge
ISBN 13 : 1351496743
Total Pages : 156 pages
Book Rating : 4.3/5 (514 download)
Download or read book Pricing and Performance of Initial Public Offerings in the United States written by Arvin Ghosh and published by Routledge. This book was released on 2017-07-05 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this timely volume on newly emerging financial mar- kets and investment strategies, Arvin Ghosh explores the intriguing topic of initial public offerings (IPOs) of securities, among the most significant phenomena in the United States stock markets in recent years. Before the 2000-2001 market turndown, hardly a week went by when more than a few companies did not become public, either in the organized stock exchange or in the Over the Counter (OTC) market. In the often over-burdened, technology-heavy Nasdaq market, the role of IPOs was crucial for the market's new vigor and growth. Internet stocks were able to find a mode to supply key momentum to the market. In the so-called "New Economy" of the 1990s, it was the seductively accessible IPO that ushered in the world's information technology revolution.Ghosh sets out to examine the pricing and financial performance of IPOs in the United States during the period 1990-2001. In the opening chapter he discusses the rise and fall of IPOs in the preceding decade. Chapter 2 further delineates the IPO process from the start of the prospectus to the end of the "quiet period" and aftermarket stabilization. In chapter 3 Ghosh analyzes the mispricing and deliberately deceptive underpricing, or "flipping," of Internet IPOs. Chapter 4 delves deeper into the pricing and operating efficiency of Nasdaq IPOs. Chapter 5 analyzes the pricing and long-run performance of IPOs both in the New York Stock Exchange and in the Nasdaq markets. In chapters 6 and 7 the author deals with the pricing and performance of the venture-blocked and nonventure-backed IPOs in general and Internet IPOs in particular. In chapter 8 he analyzes the role of underwriters as market makers. In chapter 9 Ghosh discusses the accuracy of analysts' earnings forecasts. In the concluding chapter, he summarizes the principal findings of the study and the recent revival of the IPO market and its place in capital formation as well as the latest developments in t
Author : Douglas Cumming
Publisher :
ISBN 13 : 0190614579
Total Pages : 841 pages
Book Rating : 4.1/5 (96 download)
Download or read book The Oxford Handbook of IPOs written by Douglas Cumming and published by . This book was released on 2018 with total page 841 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of IPOs. The chapters cover the latest information on a range of fundamental questions, including: How are IPOs regulated? How are IPOs valued? How well does an IPO perform in the short and long run, and what are the drivers of performance?
Author : Greg N. Gregoriou
Publisher : Elsevier
ISBN 13 : 0080461670
Total Pages : 463 pages
Book Rating : 4.0/5 (84 download)
Download or read book Initial Public Offerings (IPO) written by Greg N. Gregoriou and published by Elsevier. This book was released on 2011-04-01 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the cooling off of IPOs since the dot com bubble, Google has rekindled the fire for IPOs. This IPO reader contains new articles exclusive to this reader by leading academics from around the world dealing with quantitative and qualitative analyses of this increasingly popular and important area of finance. Articles address new methods of IPO performance, international IPOs, IPO evaluation, IPO underwriting, evaluation and bookbuilding. Although numerous articles are technical in nature, with econometric and statistical models, particular attention has been directed towards the understanding and the applicability of the results as well as theoretical development in this area. This reader will assist researchers, academics, and graduate students to further understand the latest research on IPOs.*Interest in IPOs is increasing again after the Google IPO, and IPOs are up significantly from last year*Chapters by well known academics provide an international perspective, describing research results from IPO data in countries spanning the globe*Research is based on real results from IPO data collected over the past 5-7 years
Author :
Publisher :
ISBN 13 :
Total Pages : 596 pages
Book Rating : 4.F/5 ( download)
Download or read book Selected Problems in the Initial Public Offering for High-tech Companies written by and published by . This book was released on 1984 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marie Masson
Publisher :
ISBN 13 :
Total Pages : 97 pages
Book Rating : 4.:/5 (896 download)
Download or read book Withdrawn and (Not) Reissued U.S. and Canadian IPOs and SEOs written by Marie Masson and published by . This book was released on 2011 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between 1993 and 2009, 14.69% and 12.34% of all public equity offerings announced in the U.S. and Canada were eventually withdrawn, respectively. Less than 10% of all cancelled IPOs are eventually completed versus over 20% of all withdrawn SEOs. We measure the impact of issuer riskiness, issuer characteristics and timing of the offerings on the likelihoods of IPO and SEO cancelations and subsequent return of these offerings. We find that the dotcom and subprime crises have a greater positive influence on the probability of withdrawal in the United Stated than in Canada. Our results suggest that greater post-announcement changes in market and economic conditions tend to increase the probability of withdrawal and that good general market conditions subsequent to announcement and to withdrawal are positively related to the completion and reissue of offerings, respectively. Overall, cancelation of initial and seasoned equity offerings is driven by different firm- and issue-specific factors and the effect of these variables varies across countries. An analysis of stock price performance of successfully returning offerings on the three days centered on their announcements suggests that second-time successful SEOs underperform a sample of contemporaneous offerings by 2.09% and 5.76% in the U.S. and Canada, respectively. Overall, underpricing on the day of issue is not affected by prior offering cancellation. However, over the long-term, we find that U.S. equity offerings underperform their profitability-matched sample of contemporaneous offerings.
Author : Seth Anderson
Publisher : Springer Science & Business Media
ISBN 13 : 1461522951
Total Pages : 126 pages
Book Rating : 4.4/5 (615 download)
Download or read book Initial Public Offerings: Findings and Theories written by Seth Anderson and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high initial returns to equity IPOs in the United States and other free-market economies. Audience: Designed for use by anyone wishing to perform further academic research in the area of IPOs and by those practitioners interested in IPOs as investment vehicles.
Author : Michelle Lowry
Publisher :
ISBN 13 : 9781680833416
Total Pages : 166 pages
Book Rating : 4.8/5 (334 download)
Download or read book Initial Public Offerings written by Michelle Lowry and published by . This book was released on 2017 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this monograph is to provide an overview of the IPO literature since 2000. The fewer numbers of companies going public in recent years has raised many questions regarding the IPO process, in both academic and regulatory circles. As we all strive to understand these changes in the market, it is especially important to understand the dynamics underlying the IPO process. If the process of going public is too costly or the IPO mechanism is plagued by too many conflicts of interest among the various intermediaries, then private companies may rationally choose other methods of raising capital. In a related vein, it is imperative that new regulations not be based on research focusing solely on large, more mature firms. Newly public firms have unique characteristics, and an increased understanding of such issues will contribute positively to well-functioning public markets and further growth of the entrepreneurial sector. We also provide a detailed guide to researchers on how to obtain a research-quality sample of IPOs, from standard data sources. Related to this, we tabulate important corrections to these standard data sources.
Author : Alessandro Zattoni
Publisher : Cambridge University Press
ISBN 13 : 110701686X
Total Pages : 613 pages
Book Rating : 4.1/5 (7 download)
Download or read book Corporate Governance and Initial Public Offerings written by Alessandro Zattoni and published by Cambridge University Press. This book was released on 2012-03-22 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major international study on corporate governance and Initial Public Offerings (IPOs) in twenty-one countries.
Author : Jason Draho
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008782
Total Pages : 400 pages
Book Rating : 4.0/5 (87 download)
Download or read book The IPO Decision written by Jason Draho and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Initial public offerings (IPOs) garnered unprecedented positive attention in the 1990s for their spectacular returns and central role in entrepreneurial activity. Subsequent revelations of unscrupulous IPO allocation and promotion practices cast a less fa.
Author : Steven M. Rice
Publisher : John Wiley & Sons
ISBN 13 : 1119545048
Total Pages : 432 pages
Book Rating : 4.1/5 (195 download)
Download or read book Series 7 Exam For Dummies with Online Practice Tests written by Steven M. Rice and published by John Wiley & Sons. This book was released on 2019-03-26 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maximize your score on the Series 7 Exam The Series 7 exam is a top-off exam taken with the Securities Industry Essentials exam to obtain General Securities Representative registration. This comprehensive guide is the critical reference you need to lead you through your preparation for the Series 7 exam. Packed with the latest information associated with this test, as well as proven test-taking strategies that are focused on maximizing your score, it covers everything you need to know to score your highest on this all-important exam. The Series 7 exam is no joke — with 125 questions administered in three hours and 45 minutes, this test is certainly a challenge. But with the proper preparation you'll be able to enter the exam room with confidence. Offers three full-length practice tests with answers and full explanations Includes one-year access to six full-length tests online Provides strategies and tips to hone the skills needed to ace the exam Gives you confidence to start your career as a licensed broker Series 7 Exam For Dummies, 4th Edition with Online Practice is a fundamental resource that guides you through your preparations for the Series 7 exam.
Author : Mario Levis
Publisher : Edward Elgar Publishing
ISBN 13 : 1781955379
Total Pages : 599 pages
Book Rating : 4.7/5 (819 download)
Download or read book Handbook of Research on IPOs written by Mario Levis and published by Edward Elgar Publishing. This book was released on 2013-11-29 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters offer some important new insights into issues that will be of interest not only to the academic community but also to professionals involved in the preparation, structure and execution of such transactions, market regulators, and private a
Author : Zheng Liu
Publisher :
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.:/5 (16 download)
Download or read book Strategic Overpricing of Initial Public Offerings written by Zheng Liu and published by . This book was released on 2012 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation extends theory and empirical research on Initial Public Offerings (IPOs) to include the unique context faced by underwriters that have the flexibility to overprice cold offerings. First, it argues that underwriters have the incentive to deliberately overprice weakly-received offerings in order to avert potential withdrawal of the offerings and loss of underwriting commissions. It then empirically tests this argument and finds supporting evidence. Measuring underwriter pricing intention by the NASDAQ-adjusted percentage change from the offer price to the closing price three days prior to the end of the quiet period, it finds deliberate overpricing to be more pronounced for offerings that end up priced exactly at the lower boundary of the preliminary price range, especially when the ex ante withdrawal probability is high or when the lower boundary represents a smaller percent drop from the range's midpoint. The dissertation then examines the effect of IPO overpricing on the long-term prospects of the underwriters. It empirically demonstrates that overpricing offerings to avert withdrawal not only increases the payoff to the underwriter from the respective deals but also enhances the underwriter's share of future IPO business. In particular, it finds that banks which engage issuers with a higher ex ante propensity to withdraw, and then aggressively price the offerings to actually avert withdrawal, experience a pronounced increase in their future IPO market share. Such reward is not experienced by underwriters which at the outset avoid engaging issuers with high likelihood of withdrawal. The dissertation also finds that withdrawals have more of an adverse effect on future market share than does mere overpricing. Furthermore, when overpricing is accompanied by even a low level of price support during first-day of public trading, the effect on the bank's future market share is significantly less adverse than that associated with otherwise letting the offer be withdrawn. The dissertation extends the IPO bookbuilding theory by developing a model which encompasses the potential for IPO withdrawal, overpricing, and aftermarket price support altogether, and solving for the equilibrium offer-price-maximizing price/allocation schedule. The analysis shows that overpricing can be sustained in equilibrium in a manner that still ensures maximized proceeds to the issuer. The optimal price/allocation rule calls for allocation priority to be given to investors with strong indications of interest; underpricing to occur when premarket demand is strong; and overpricing to be resorted to only as needed to avert withdrawal by the issuer in lukewarmly-received offerings. Aftermarket price stabilization plays two roles in equilibrium: It bonds the underwriter against deliberate overpricing when premarket demand is either strong or too weak; and it adequately compensates investors when overpricing is utilized to avert issue withdrawal.
Author : Greg N. Gregoriou
Publisher : CRC Press
ISBN 13 : 1420064894
Total Pages : 590 pages
Book Rating : 4.4/5 (2 download)
Download or read book Encyclopedia of Alternative Investments written by Greg N. Gregoriou and published by CRC Press. This book was released on 2008-08-18 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering reference essential in any financial library, the Encyclopedia of Alternative Investments is the most authoritative source on alternative investments for students, researchers, and practitioners in this area. Containing 545 entries, the encyclopedia focuses on hedge funds, managed futures, commodities, and venture capital. It features
Author : United States. Securities and Exchange Commission
Publisher :
ISBN 13 :
Total Pages : 1328 pages
Book Rating : 4.:/5 (31 download)
Download or read book SEC Docket written by United States. Securities and Exchange Commission and published by . This book was released on 1996 with total page 1328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
