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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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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2015
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| _version_ | 1867613152999374848 |
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| access_status_str | Open Access |
| author | Muller, Michael |
| author2 | Correia, Carlos |
| author_browse | Correia, Carlos Muller, Michael |
| author_facet | Correia, Carlos Muller, Michael |
| author_sort | Muller, Michael |
| collection | Thesis |
| description | 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, average underpricing on the JSE has decreased relative to previous studies. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/11056 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:35.974Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/11056 Underpricing on initial public offerings: further evidence from the JSE Muller, Michael Correia, Carlos Financial Management 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, average underpricing on the JSE has decreased relative to previous studies. 2015-01-02T09:27:56Z 2015-01-02T09:27:56Z 2011 Master Thesis Masters MCom http://hdl.handle.net/11427/11056 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Muller, Michael Underpricing on initial public offerings: further evidence from the JSE |
| thesis_degree_str | Master's |
| title | Underpricing on initial public offerings: further evidence from the JSE |
| title_full | Underpricing on initial public offerings: further evidence from the JSE |
| title_fullStr | Underpricing on initial public offerings: further evidence from the JSE |
| title_full_unstemmed | Underpricing on initial public offerings: further evidence from the JSE |
| title_short | Underpricing on initial public offerings: further evidence from the JSE |
| title_sort | underpricing on initial public offerings further evidence from the jse |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/11056 |
| work_keys_str_mv | AT mullermichael underpricingoninitialpublicofferingsfurtherevidencefromthejse |