Matches in SemOpenAlex for { <https://semopenalex.org/work/W2184564202> ?p ?o ?g. }
- W2184564202 abstract "<p class=MsoNormal style=text-align: justify; margin: 0in 0.5in 0pt;><span style=color: black; font-size: 10pt; mso-themecolor: text1;><span style=font-family: Times New Roman;>A company sets a price range in their “red herring” prospectus filed with the Securities and Exchange Commission when they issue shares for the first time.<span style=mso-spacerun: yes;> </span>The firm’s investment bankers then test the market to determine if the shares can be sold.<span style=mso-spacerun: yes;> </span>The final offer price will be above, within or below the initial price range in the “red herring.”<span style=mso-spacerun: yes;> </span>This paper studies the first day price change and relates it to the final offering price being set below, within or above the initial price range.<span style=mso-spacerun: yes;> </span>Based on six years (2002-2007) of market data, covering both bull and bear markets, it appears that investors might be able to realize higher percentage gains on the first day by investing in those stocks that are priced above the range indicated in the “red herring.” Furthermore, the exchange on which the IPOs are traded also plays a significant role in the first day price change. We find empirical support for the partial price adjustment hypothesis of IPO underpricing and this finding is robust with respect to market regiments.</span></span></p>" @default.
- W2184564202 created "2016-06-24" @default.
- W2184564202 creator A5010149150 @default.
- W2184564202 creator A5031273797 @default.
- W2184564202 creator A5056893377 @default.
- W2184564202 date "2011-01-07" @default.
- W2184564202 modified "2023-09-27" @default.
- W2184564202 title "Do Underwriters Create Value In The Determination Of The IPO Final Offering Price?" @default.
- W2184564202 cites W1501663998 @default.
- W2184564202 cites W1847833993 @default.
- W2184564202 cites W1969632991 @default.
- W2184564202 cites W1988891758 @default.
- W2184564202 cites W2004501718 @default.
- W2184564202 cites W2006212816 @default.
- W2184564202 cites W2012334063 @default.
- W2184564202 cites W2013631662 @default.
- W2184564202 cites W2019663025 @default.
- W2184564202 cites W2028783540 @default.
- W2184564202 cites W2037432689 @default.
- W2184564202 cites W2037947108 @default.
- W2184564202 cites W2058662569 @default.
- W2184564202 cites W2063902881 @default.
- W2184564202 cites W2066357210 @default.
- W2184564202 cites W2069489283 @default.
- W2184564202 cites W2071869434 @default.
- W2184564202 cites W2073488258 @default.
- W2184564202 cites W2082859257 @default.
- W2184564202 cites W2084296083 @default.
- W2184564202 cites W2087013209 @default.
- W2184564202 cites W2087636231 @default.
- W2184564202 cites W2089858078 @default.
- W2184564202 cites W2091957067 @default.
- W2184564202 cites W2100565828 @default.
- W2184564202 cites W2101695317 @default.
- W2184564202 cites W2103455162 @default.
- W2184564202 cites W2106724019 @default.
- W2184564202 cites W2124092784 @default.
- W2184564202 cites W2133075930 @default.
- W2184564202 cites W2133551001 @default.
- W2184564202 cites W2134391930 @default.
- W2184564202 cites W2141122836 @default.
- W2184564202 cites W2148402268 @default.
- W2184564202 cites W2148876341 @default.
- W2184564202 cites W2154127363 @default.
- W2184564202 cites W2155092054 @default.
- W2184564202 cites W2156109180 @default.
- W2184564202 cites W2172006730 @default.
- W2184564202 cites W3122367063 @default.
- W2184564202 cites W3122833974 @default.
- W2184564202 cites W3123262964 @default.
- W2184564202 cites W3123268005 @default.
- W2184564202 cites W3123459178 @default.
- W2184564202 cites W3123606430 @default.
- W2184564202 cites W3123796494 @default.
- W2184564202 cites W3123842935 @default.
- W2184564202 cites W3125045985 @default.
- W2184564202 cites W3125657840 @default.
- W2184564202 cites W3125752778 @default.
- W2184564202 cites W3125831525 @default.
- W2184564202 cites W3126029451 @default.
- W2184564202 cites W2015497883 @default.
- W2184564202 doi "https://doi.org/10.19030/jabr.v25i6.990" @default.
- W2184564202 hasPublicationYear "2011" @default.
- W2184564202 type Work @default.
- W2184564202 sameAs 2184564202 @default.
- W2184564202 citedByCount "1" @default.
- W2184564202 countsByYear W21845642022020 @default.
- W2184564202 crossrefType "journal-article" @default.
- W2184564202 hasAuthorship W2184564202A5010149150 @default.
- W2184564202 hasAuthorship W2184564202A5031273797 @default.
- W2184564202 hasAuthorship W2184564202A5056893377 @default.
- W2184564202 hasBestOaLocation W21845642021 @default.
- W2184564202 hasConcept C10138342 @default.
- W2184564202 hasConcept C106159729 @default.
- W2184564202 hasConcept C119857082 @default.
- W2184564202 hasConcept C12559387 @default.
- W2184564202 hasConcept C144133560 @default.
- W2184564202 hasConcept C15241564 @default.
- W2184564202 hasConcept C162324750 @default.
- W2184564202 hasConcept C26503482 @default.
- W2184564202 hasConcept C2776034101 @default.
- W2184564202 hasConcept C2776291640 @default.
- W2184564202 hasConcept C2780916735 @default.
- W2184564202 hasConcept C41008148 @default.
- W2184564202 hasConcept C556758197 @default.
- W2184564202 hasConcept C64112148 @default.
- W2184564202 hasConceptScore W2184564202C10138342 @default.
- W2184564202 hasConceptScore W2184564202C106159729 @default.
- W2184564202 hasConceptScore W2184564202C119857082 @default.
- W2184564202 hasConceptScore W2184564202C12559387 @default.
- W2184564202 hasConceptScore W2184564202C144133560 @default.
- W2184564202 hasConceptScore W2184564202C15241564 @default.
- W2184564202 hasConceptScore W2184564202C162324750 @default.
- W2184564202 hasConceptScore W2184564202C26503482 @default.
- W2184564202 hasConceptScore W2184564202C2776034101 @default.
- W2184564202 hasConceptScore W2184564202C2776291640 @default.
- W2184564202 hasConceptScore W2184564202C2780916735 @default.
- W2184564202 hasConceptScore W2184564202C41008148 @default.
- W2184564202 hasConceptScore W2184564202C556758197 @default.
- W2184564202 hasConceptScore W2184564202C64112148 @default.