The Specific Underpricing of IPOs in U.S. Stock Markets

Market Reputation as a Determinant

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book The Specific Underpricing of IPOs in U.S. Stock Markets by Claus Birkenbeul, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Claus Birkenbeul ISBN: 9783640713882
Publisher: GRIN Publishing Publication: September 30, 2010
Imprint: GRIN Publishing Language: English
Author: Claus Birkenbeul
ISBN: 9783640713882
Publisher: GRIN Publishing
Publication: September 30, 2010
Imprint: GRIN Publishing
Language: English

Master's Thesis from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, Munich Business School University of Applied Sciences, language: English, abstract: The economical development is improving and world trade volumes are expected to recover. The recorvery process is developing constantly but slowly: Share prices have rebounded within 2009, worldwide trade volumes have recovered slightly and are expected to catch up with values from the end of 2008 during the next year (cf. OECD 2009). The world is recovering from one of the most severe economic downturns since The Great Depression. Comparing GDP volumes from the previous period at the same time, OECD countries lost up to 2%. As a logical consequence the U.S. IPO market has been affected by the economic meltdown as well. 'IPO activity tends to cluster in certain time periods, thus it appears in waves, so-called hot IPO markets' (Hamer 2007, 9). From 2007 to 2008 th e number of IPOs decreased. The U.S. market broke down by more than 85% in one year. In 2007 there were 160 IPOs whereas in 2008 21 securities went public fort the first time (cf. Ritter 2010, 2). After the slowest year for IPOs since the 1970s, the market began to show signs of life again in 2009. The number of offerings increased by 21% although the offering value decreased by almost 15% (cf. PWC 2010). [...]

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Master's Thesis from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, Munich Business School University of Applied Sciences, language: English, abstract: The economical development is improving and world trade volumes are expected to recover. The recorvery process is developing constantly but slowly: Share prices have rebounded within 2009, worldwide trade volumes have recovered slightly and are expected to catch up with values from the end of 2008 during the next year (cf. OECD 2009). The world is recovering from one of the most severe economic downturns since The Great Depression. Comparing GDP volumes from the previous period at the same time, OECD countries lost up to 2%. As a logical consequence the U.S. IPO market has been affected by the economic meltdown as well. 'IPO activity tends to cluster in certain time periods, thus it appears in waves, so-called hot IPO markets' (Hamer 2007, 9). From 2007 to 2008 th e number of IPOs decreased. The U.S. market broke down by more than 85% in one year. In 2007 there were 160 IPOs whereas in 2008 21 securities went public fort the first time (cf. Ritter 2010, 2). After the slowest year for IPOs since the 1970s, the market began to show signs of life again in 2009. The number of offerings increased by 21% although the offering value decreased by almost 15% (cf. PWC 2010). [...]

More books from GRIN Publishing

Cover of the book Paddy Power retail betting service report by Claus Birkenbeul
Cover of the book Does the United Nations Organization matter in global governance?' by Claus Birkenbeul
Cover of the book Building Scalable and Smart Multimedia Applications on the Semantic Web by Claus Birkenbeul
Cover of the book Six Feet Under - The Death of American Parties by Claus Birkenbeul
Cover of the book Dorian Gray - devil or rebel? by Claus Birkenbeul
Cover of the book Marchetta, M. - Looking for Alibrandi: Growing up in 'Looking for Alibrandi' by Claus Birkenbeul
Cover of the book Die mandschurischen Eisenbahnen als Politikum (1896-1945) by Claus Birkenbeul
Cover of the book The System of Wage-Setting Japan, Germany and the US: Towards Convergence? by Claus Birkenbeul
Cover of the book Report on the Toyota Company by Claus Birkenbeul
Cover of the book The role of the Organization for Security and Cooperation in Europe (OSCE) in today's European security architecture by Claus Birkenbeul
Cover of the book The drummer called John Thomas - A report from a prison in The Gambia, West Africa by Claus Birkenbeul
Cover of the book Hopes and Fears associated with Poland's Accession to the European Union by Claus Birkenbeul
Cover of the book Tense and Aspect - The Past Perfect by Claus Birkenbeul
Cover of the book Influence of EC law on UK law by Claus Birkenbeul
Cover of the book Programming and use of TMS320F2812 DSP to control and regulate power electronic converters by Claus Birkenbeul
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy