Post-Issue Operating Performance Of Nasdaq IPOs
نویسندگان
چکیده
منابع مشابه
Intellectual property and the survival of internet-related NASDAQ-IPOs
We examine the effect of patenting on the survival prospects of 356 firms that made an IPO on the NASDAQ at the height of the stock market bubble of the late 1990s. By March 2005, almost 2/3 had delisted from the exchange either though apparent bankruptcy or by being acquired by another firm. Almost 1/3 of these firms obtained, or attempted to obtain, at least one US patent. Controlling for oth...
متن کاملPERFORMANCE OF THE UK INVESTMENT TRUST IPOs
In this study we investigate the performance of investment trust new issues during their first 750 days of trading. Research on the initial performance of new issues has documented that abnormal returns are obtained during the first day of trading. We compare the performance of investment trust new issues with the performance of size and style-based matching investment trusts taking the multina...
متن کاملInvestor Demand for IPOs and Aftermarket Performance:
This study examines the relationship between investor demand for IPOs prior to offerings and aftermarket performance of IPO firms during the period from 1993 to 1997 in the Hong Kong stock market. The paper finds that the IPOs with high investor demand have large positive initial returns but negative longer-run excess returns, while the IPOs with low investor demand have negative initial return...
متن کاملIs There a Post Listing Anomaly for Ipos Overseas Listing?
Both the IPO literature and cross listing literature document that soon after the overseas listing of IPOs, the results are negative abnormal returns, and that phenomenon are “ post listing anomaly”. This paper checks whether there is a post listing anomaly and tries to find reasons for it. The paper concludes that the post listing anomaly does not exist. Further, some companies time the market...
متن کاملInitial and Long-Run Performance of Mining IPOs in Australia
This paper provides an empirical analysis of the pricing of initial public offerings (IPOs) of mining firms in Australia. Based on a sample of 130 mining IPOs issued during the period 1979 to 1990, the results show an average underpricing of 107.18%, significantly higher than that previously documented for industrial firms. An examination of the data shows that the delay between prospectus regi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Business & Economics Research (JBER)
سال: 2011
ISSN: 2157-8893,1542-4448
DOI: 10.19030/jber.v1i1.2958