IPO underpricing in Canadian energy sector

Chilakala, Geetanjali

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	Canada
dc.creator	Chilakala, Geetanjali
dc.date.accessioned	2015-05-06T13:57:21Z
dc.date.available	2015-05-06T13:57:21Z
dc.date.issued	2014
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/26098
dc.description	1 online resource (52 p.) : col. ill.
dc.description	Includes abstract and appendices.
dc.description	Includes bibliographical references (p. 29-31).
dc.description.abstract	This paper investigates empirical existence of theories of IPO underpricing in Canadian Energy Sector. The study based on IPO listed in all Canadian stock exchanges from 1990-2014 analyzes level of IPO underpricing and its determinants. OLS regression is used to distinguish the relationship between various independent variables with dependent variable-level of underpricing . The result reveals that offer size, offer price has negative and significant effect on IPO underpricing, where as offer timing has very little explanatory power. Free float has a positive and significant effect on Canadian energy sector IPO under pricing. The significant effect of these variables identifies the presence of size based theory, winners curse theory in IPO pricing of Canadian energy sector. Keywords: Initial Public Offering (IPO), Underpricing and Canadian Energy Sector.	en_CA
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dc.description.provenance	Made available in DSpace on 2015-05-06T13:57:21Z (GMT). No. of bitstreams: 1 Chilakala_Geetanjali_MRP_2014.pdf: 1288673 bytes, checksum: 24df5522c657c3893e371bc043204db2 (MD5) Previous issue date: 2014-08	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	IPO underpricing in Canadian energy sector	en_CA
dc.type	Text	en_CA
thesis.degree.name	Master of Finance
thesis.degree.level	Masters
thesis.degree.discipline	Finance, Information Systems, & Management Science
thesis.degree.grantor	Saint Mary's University (Halifax, N.S.)