New listings share price behaviour on the Johannesburg Stock Exchange
The objective of this paper is to determine the price behaviour of new listings on the JSE during the period 1985-1987. The results clearly indicate that those investors who acquired new issues at the initial offering price attained significant short-term benefits in the form of a new issues premium...
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| Format: | Article |
| Language: | English |
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AOSIS
1989-12-01
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| Series: | South African Journal of Business Management |
| Online Access: | https://sajbm.org/index.php/sajbm/article/view/963 |