UNDERPRICING AND EX ANTE UNCERTAINTY IN IPOS: EVIDENCE FROM THE TUNISIAN STOCK MARKET
In our paper, we use a sample of 33 IPOs listed on the Tunisian Stock Exchange (TSE) from 1994 to 2012 in order to study how the ex ante uncertainty affects the total and the involuntary underpricing. We find that the most underpriced firms are IT firms and those which choose the fixed price mechani...
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| Format: | Article |
| Language: | English |
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Bucharest University of Economic Studies
2015-03-01
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| Series: | Business Excellence and Management |
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| Online Access: | http://beman.ase.ro/no51/5.pdf |