Does asset location and concentration explain REIT IPO valuation?
نویسندگان
چکیده
منابع مشابه
Market Sentiment, IPO Underpricing, and Valuation
We examine IPO underpricing, valuation, and wealth allocation in relation to investor sentiment, information asymmetry, and underwriter reputation. We find that underpricing is significantly higher for overvalued IPOs than for undervalued IPOs, and is positively correlated to investor sentiment. Information asymmetry is also positively correlated to the magnitude of underpricing but only for un...
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ژورنال
عنوان ژورنال: Real Estate Economics
سال: 2020
ISSN: 1080-8620,1540-6229
DOI: 10.1111/1540-6229.12327