Underpricing and entrepreneurial wealth losses in IPOs: theory and evidence
Journal
Review of Financial Studies
Subject
Finance
Publishing details
Authors / Editors
Habib M A,Ljungqvist A
Publication Year
2001
Abstract
An inverse relation between underpricing and IPO proceeds holds true because of dilution, even as uncertainty remains unchanged. The use of the inverse of IPO proceeds as a proxy for uncertainty may therefore be misleading.
Publication Notes
ISSN: 08939454
Available on ECCH
No
