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This paper provides evidence of the existence of IPO underpricing on the JSE between 2000 and 2008. Average underpricing over the period was found to be 17.1 percent (median: 9.4 percent). In line with the general global decline in first day returns following the end of the internet bubble period, a...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2015
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