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dc.contributor.authorPalmer, Karoline
dc.contributor.authorSolheim, Einar Andreas Weimodet
dc.date.accessioned2020-11-09T09:52:17Z
dc.date.available2020-11-09T09:52:17Z
dc.date.issued2020
dc.identifier.urihttps://hdl.handle.net/11250/2686894
dc.descriptionMasteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2020en_US
dc.description.abstractIPO volume is highly autocorrelated in the European market, unlike initial returns. We find more companies tend to go public the following quarter after periods of high initial returns, as well as some characteristics with significant contribution towards explaining initial returns. However, the explanatory power of these characteristics are too low to yield sufficient predictions for the eventual underpricing of an IPO. We observe some differences in explanatory power of characteristics from the beginning to the end of an IPO’s registration period, which imply an increase in knowledge for the issuing firms and their underwriters, in the statistical sense, however this has little economical impact.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectfinansen_US
dc.subjectfinanceen_US
dc.subjectfinancial economicsen_US
dc.titleThe Predictability of Future IPO Volume Through Initial Returns, a Study of the European Marketen_US
dc.typeMaster thesisen_US


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