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China A-share Initial Public Offering Price Underestimated Phenomenon

Posted on:2003-12-31Degree:MasterType:Thesis
Country:ChinaCandidate:Y HuangFull Text:PDF
GTID:2206360062976474Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Based on the research of the former and the investigation on the development of Chinese A share initial public offerings market, the author studies A share initial public offerings underpricing by using the data of new issues in Shanghai and Shenzhen from January,2000 to November,2001. The result indicates that A share initial public offerings underpricing could be explained by the uncertainty model. Furthermore, the approval system and other system alterations have reduced the initial public offerings underpricing.
Keywords/Search Tags:A Share, Initial Public Offerings, Underpricing, Initial Return
PDF Full Text Request
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