Initial Public Offerings by Arif Khurshed

Author:Arif Khurshed
Language: eng
Format: mobi, epub
Publisher: Harriman House
Published: 2013-02-17T12:58:18+00:00

Chapter 4: The Performance and Survival of IPOs

In this chapter I discuss some interesting anomalies associated with IPOs such as short-run underpricing and long-run underperformance. Academics around the world have devoted a lot of effort to documenting and explaining reasons for such anomalies. I summarise some of the important explanations for such anomalies.

In the second part of the chapter I focus on the survival of IPO firms. This is one area which is quite under-researched, but it is of immense importance when looking at IPOs. The final section of the chapter provides an analysis of the performance of UK privatisation IPOs.

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