Turkish IPOs in a changing regulatory and economic environment
نویسندگان
چکیده
The larger underpricing (15 percent) in the early years following inauguration of Borsa Istanbul indicates importance investors, intermediaries, and firm insiders learning about trading pricing firms organized stock markets. recent (from 2010 to 2020) averages 5 percent. Micro-level uncertainties as evidenced by smaller IPOs marketed using fixed offer prices, where underwriters signed on for commitment also prove important. Underpricing proves IPO firms.
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ژورنال
عنوان ژورنال: Borsa Istanbul Review
سال: 2022
ISSN: ['2214-8450', '2214-8469']
DOI: https://doi.org/10.1016/j.bir.2021.06.006