The purpose of this paper is to examine the impact of the Malaysian IPO regulatory change
involving lock-up provisions on the initial performance of Malaysian IPOs. This study …

Lock-up provision may extend its role as a signaling tool, albeit its practice is mainly to
ensure the commitment of major shareholders to the well-being of IPO companies at least …

A lock-up agreement ensures that major shareholders retain significant economic interest in
the companies following the IPOs. Rationally, these insiders will not adhere to the lock-up …

This paper examines the IPO anomalous behavior in the immediate aftermarket from two
dimensions; initial return and flipping activity. In light of the commencement of lockup …

This study has examined the IPO performance in Malaysia from 2007 to 2010. Results show
that under-pricing exists in the first day of trading during the particular period, but results …

This paper examines the market reaction at the expiration of IPO lockup on share prices and
trading volume. The sample consists of 292 IPOs listed on Bursa Malaysia between May …

A lock-up provision restricts insiders from selling or disposing of a certain portion of their
shares for a prescribed period. In Malaysia, most firms usually lock-up a higher portion of …

This paper examines the effect of IPO lockup expiration on share prices for the period of 21
days surrounding the event date. The sample consists of 292 IPOs listed on Bursa Malaysia …

This study examined the influence of growth opportunities of firms on the immediate
aftermarket performance of IPOs. The growth opportunities were defined as the amount of …

Purpose The purpose of this paper is to investigate the characteristics of the Initial Public
Offering (IPO) market, IPO underpricing and the long-run performance of IPOs and to find out …