"Auctions vs Bookbuilding and the Control of Underpricing in Hot IPO
Markets," Review of Financial Studies 16(1): 31-61.
Dummy variable 1 is used as a proxy for IPO issued during hot IPO
period, and 0 is used for cold IPOs.
'That's going to be a hot IPO
. If you look at its financials, it's much better than its competitors,' said Manny Cruz, chief strategist at stock brokerage Asiasec Equities.
During hot IPO
markets, such as the biotechnology bubble of 1999-2000, huge amounts of money was left on the table.
measures should be considered to give retail investors access to hot IPO
NEW YORK -- Hotel chain La Quinta rose Wednesday in its first day of trade after Blackstone Group successfully launched its third hotel stock offering since November into a hot IPO
GrubHub is one of four companies to go public Friday in what has been a very hot IPO
market, especially for businesses in the cloud software and biotech industries.
(I should disclose that I plan to invest in this company - not necessarily because I think that it will be the next hot IPO
, but because I think that it exploits some interesting and accelerating trends.
Investors are less likely to truthfully reveal their demand for a hot IPO
if this indication is only likely to push up the offer price.
Therefore, our study provides evidence of the effectiveness of Rule 2720 in both cold and hot IPO
(61) IPOs that immediately trade at a premium in the secondary market are known as "hot IPOs
." (62) The late 1990s saw one of the most fervent "hot IPO
" markets, especially with respect to IPOs by internet companies.
Like my old boss Bill Bradley, who at this point eight years ago was being compared by New York magazine to a "hot IPO
," Obama will enthrall the elites in 2007, but come New Year's Day, normalcy will return.