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✦   LIBER   ✦

The Long-Run Role of the Media: Evidence from Initial Public Offerings

✍ Scribed by Liu, Laura Xiaolei; Sherman, Ann E.; Zhang, Yong


Book ID
126632039
Publisher
INFORMS
Year
2014
Tongue
English
Weight
347 KB
Volume
60
Category
Article
ISSN
0025-1909

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The Long-Run Performance of Initial Publ
✍ Ritter J.R. πŸ“‚ Library πŸ“… 1991 🌐 English βš– 1 MB

The underpricing of initial public offerings (IPOs) that has been widely documented appears to be a short-run phenomenon. Issuing firms during 1975-84 substantially underperformed a sample of matching firms from the closing price on the first day of public trading to their three-year anniversaries.