As such, VC-backed IPOs should be more underpriced
The industrial sector is currently the most attractively priced sector in the UK, with three of the top five most underpriced
markets in DTZ's UK Fair Value Index all in this sector.
For example, IPO firms which select highly-reputed underwriters are more underpriced
with a level of 17% the first listing week than others which select low-reputed underwriters.
She provides evidence that SEOs of low-priced securities are more underpriced
than offers of high-priced securities.
Thus in line with the observed findings, investors should take caution while holding the highly underpriced
stocks for more than one year after the issue.
Rock (1986), Tinic (1988), Hughes and Thakor (1992), and Welch (1992) suggest that IPOs could be purposefully underpriced
by investment banks to avoid future legal liabilities.
Their results suggest that GOC IPOs are more underpriced
than IPOs of privately owned companies in the U.
This leaves many perfectly worthy stocks underpriced
The association is responding to members' concerns over the recurrent pattern of underpriced
imported OE items recently appearing on the U.
large cap equities with foreign exposure are underpriced
Manchester retail tops the list of individual markets, with property underpriced
Demand for SEO shares will also influence how deeply the offer is underpriced