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Underpricing on initial public offerings: further evidence from the JSE

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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Bibliographic Details
Main Author: Muller, Michael
Other Authors: Correia, Carlos
Format: Thesis
Language:English
Published: Department of Finance and Tax 2015
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