Effects of Price Stabilization in IPOs on Long-run Liquidity
This article investigates the effect of the aftermarket short covering (ASC) carried out by the underwriter during the price stabilization period on long-term liquidity. For nearly 10% of the IPOs in our sample that were stabilized, the ASC represented more than 40% of the whole trade volume during...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Brazilian Society of Finance
2010-10-01
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| Series: | Revista Brasileira de Finanças |
| Subjects: | |
| Online Access: | http://virtualbib.fgv.br/ojs/index.php/rbfin/article/view/2559 |