DocumentCode
2970116
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
fYear
2011
fDate
12-14 Aug. 2011
Firstpage
1
Lastpage
4
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2011 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-6579-8
Type
conf
DOI
10.1109/ICMSS.2011.5998544
Filename
5998544
Link To Document