Underpricing in Swedish IPOs : An investigation of the current situation and possible causes

Underpricing in Swedish IPOs : An investigation of the current situation and possible causes

Using a unique dataset of 41 IPOs from 2005 to 2015, we investigate the underpricing situation in the NASDAQ OMX Stockholm stock exchange. Our findings show a mean underpricing of 4.9% for the period, with values ranging from -20% to 28.3%. Further, we use a set of statistical models to explore the...

Full description

Bibliographic Details
Main Authors: Ramsin, Anders, Göthner, Kristoffer
Format: Others
Language:English
Published: Högskolan i Jönköping, Internationella Handelshögskolan 2015
Subjects:
IPO
Underpricing
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-26689
id ndltd-UPSALLA1-oai-DiVA.org-hj-26689
record_format oai_dc
spelling ndltd-UPSALLA1-oai-DiVA.org-hj-266892015-06-09T04:55:11ZUnderpricing in Swedish IPOs : An investigation of the current situation and possible causesengRamsin, AndersGöthner, KristofferHögskolan i Jönköping, Internationella HandelshögskolanHögskolan i Jönköping, Internationella Handelshögskolan2015IPOUnderpricingUsing a unique dataset of 41 IPOs from 2005 to 2015, we investigate the underpricing situation in the NASDAQ OMX Stockholm stock exchange. Our findings show a mean underpricing of 4.9% for the period, with values ranging from -20% to 28.3%. Further, we use a set of statistical models to explore the impact on underpricing from the issuing company’s age and size, choice of underwriter, their line of industry, and the size of their offering, all with some surprising results. Student thesisinfo:eu-repo/semantics/bachelorThesistexthttp://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-26689application/pdfinfo:eu-repo/semantics/openAccess
collection NDLTD
language English
format Others
sources NDLTD
topic IPO
Underpricing
spellingShingle IPO
Underpricing
Ramsin, Anders
Göthner, Kristoffer
Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
description Using a unique dataset of 41 IPOs from 2005 to 2015, we investigate the underpricing situation in the NASDAQ OMX Stockholm stock exchange. Our findings show a mean underpricing of 4.9% for the period, with values ranging from -20% to 28.3%. Further, we use a set of statistical models to explore the impact on underpricing from the issuing company’s age and size, choice of underwriter, their line of industry, and the size of their offering, all with some surprising results.
author Ramsin, Anders
Göthner, Kristoffer
author_facet Ramsin, Anders
Göthner, Kristoffer
author_sort Ramsin, Anders
title Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
title_short Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
title_full Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
title_fullStr Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
title_full_unstemmed Underpricing in Swedish IPOs : An investigation of the current situation and possible causes
title_sort underpricing in swedish ipos : an investigation of the current situation and possible causes
publisher Högskolan i Jönköping, Internationella Handelshögskolan
publishDate 2015
url http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-26689
work_keys_str_mv AT ramsinanders underpricinginswedishiposaninvestigationofthecurrentsituationandpossiblecauses
AT gothnerkristoffer underpricinginswedishiposaninvestigationofthecurrentsituationandpossiblecauses
_version_ 1716805056571899904

Similar Items