Mentioned in ?
References in periodicals archive ?
Assuming the stock's price moves up to its fair value in the after-market--the IPO price "pop"--investors earn a fast return as a reward for investing in an unseasoned issue.
By overcoming the overvaluation and the factors affecting long-run performance, unseasoned issues may become more attractive in Pakistani market.
Walter, "A Direct Test of Rock's Model of the Pricing of Unseasoned Issues," Journal of Financial Economics (August 1989), pp.