Title :
The Research of the IPO Underpricing in China Growth Enterprise Market
Author :
Wang, Baosen ; Zeng, Youzhi ; Su, Can
Author_Institution :
Sch. of Econ., Beijing Wuzi Univ., Beijing, China
Abstract :
The paper mainly discusses the IPO underpricing of common stock in China growth enterprise market.IPO underpricing refers to the phenomenon that the pricing of new shares is lower than secondary market. This study explains the diversity and complexity of factors which cause the phenomenon of the IPO underpricing .Studies show when pricing new share, we are prior to considering indicators of corporate earning targets and indicators of firm size, however, in the secondary market, they are indicators of profit targets.
Keywords :
pricing; securities trading; China growth enterprise market; IPO underpricing; corporate earning indicators; corporate earning targets; firm size; global securities market; profit targets; secondary market; Covariance matrix; Economics; Equations; Load modeling; Loading; Mathematical model; Pricing;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5998544
