Valuation and underpricing of Turkish IPOs
This study utilizes prospectuses and supplementary valuation reports to investigate the relationship between underwriters’ valuation and underpricing in 113 firms going public on Borsa Istanbul. It argues that underwriter discretion in the valuation is crucial to underpricing in the Turkish market,...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2020-01-01
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| Series: | Journal of Business Economics and Management |
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| Online Access: | https://www.jbem.vgtu.lt/index.php/JBEM/article/view/11927 |