Do anchor investors create value for initial public offerings? An empirical investigation

Do anchor investors create value for initial public offerings? An empirical investigation

The concept of anchor investors was introduced by the market regulator, Securities Exchange Board of India (SEBI), to bring transparency in the book building mechanism. We examine anchor investors' investment in initial public offerings (IPOs) to determine how they create value for issuing firm...

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Bibliographic Details
Main Author: Seshadev Sahoo
Format: Article
Language:English
Published: Elsevier 2017-12-01
Series:IIMB Management Review
Subjects:
Underpricing
Anchor investor
IPO
Subscription rate
Liquidity
Volatility
Age of the firm
Offer size
Market condition
Online Access:http://www.sciencedirect.com/science/article/pii/S0970389617305608

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http://www.sciencedirect.com/science/article/pii/S0970389617305608

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