This paper discusses evidence on the short-run and long-run performance of companies
going public in many countries. Differences in average initial returns are analyzed in terms …

This paper studies long-run stock returns and the operating performance of 180 initial public
offerings (IPOs) listed on the Tokyo Stock Exchange during the 1971–1992 period. The …

Initial public offerings underperform in the long run; however, there is very little evidence on
their cross‐sectional variation. Using a random sample of IPOs from 1987 through 1991 and …

This study examines initial returns and subsequent long-run performance of Chinese initial
public offerings (IPOs) over the period 2001–2008, with specific emphasis on the impact of …

This paper investigates the long run share price performance of 454 Malaysian IPOs during
the period 1990 to 2000. In contrast with developed markets, significant overperformance is …

This study examines the long‐run performance of 936 Chinese initial public offerings (IPOs)
over the period 1996 to 2005 (the post‐issue return evidence ends in June 2008). Using a …

In this paper, we investigate the post-issue market performance of initial public offerings
(IPOs) in China's new stock markets. Our analysis focuses on whether and how institutional …

In the US, IPOs are underpriced. During the period of significant research, there were no
structural changes in the way prices were determined. However, in Japan there were two …

This paper estimates the aftermarket performance of initial public offerings (IPOs) listed on
the Karachi Stock Exchange. The evidence confirms that IPOs generate statistically …

The anomalies in respect to initial public offering (IPO) performance in literature have
stimulated multitude of research works in explaining critical issues, such as under-pricing …