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Applied Economics Letters Volume 24, 2017 - Issue 7
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Original Articles

IPO characteristics and underprincing in the Alternative Investment Market

Miguel Á. Acedo-RamírezUniversity of La Rioja C/Cigüeña 60, Logroño, SpainCorrespondence[email protected]
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Francisco J. Ruiz-CabestreUniversity of La Rioja C/Cigüeña 60, Logroño, SpainView further author information
Pages 485-489 | Published online: 31 Aug 2016

References

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  • Chang, E., C. Chen, J. Chi, and M. Young. 2008. “IPO Underpricing in China: New Evidence from the Primary and Secondary Markets.” Emerging Markets Review 9: 1–16. doi:10.1016/j.ememar.2007.06.002.
  • Doukas, J. A., and H. Hoque. 2016. “Why Firms Favour the AIM When They Can List on Main Market?” Journal of International Money and Finance 60: 378–404. doi:10.1016/j.jimonfin.2015.10.001.
  • Habib, M. A., and A. P. Ljungqvist. 2001. “Underpricing and Entrepreneurial Wealth Losses in Ipos: Theory and Evidence.” Review of Financial Studies 14: 433–458. doi:10.1093/rfs/14.2.433.
  • Lacalle, I., F. Portillo, and F. J. Ruiz-Cabestre. 2015. “Formación De Precios De Las Acciones Tras El Acceso Al MAB.” Spanish Journal of Finance and Accounting 44 (4): 487–508.
  • Lowry, M., M. Officer, and W. Schwert. 2010. “The Variability of IPO Initial Returns.” The Journal of Finance 65 (2): 425–465. doi:10.1111/j.1540-6261.2009.01540.x.
  • Lowry, M., and G. W. Schwert. 2004. “Is the IPO Pricing Process Efficient?” Journal of Financial Economics 71: 3–26. doi:10.1016/S0304-405X(03)00205-8.
  • Signori, A., M. Meoli, and S. Vismara. 2013. “Short Covering and Price Stabilization of Ipos.” Applied Economics Letters 20 (10): 931–937. doi:10.1080/13504851.2013.765536.
  • Vismara, S., S. Paleari, and J. R. Ritter. 2012. “Europe’s Second Markets for Small Companies.” European Financial Management 18 (3): 352–388. doi:10.1111/eufm.2012.18.issue-3.

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