IPO underpricing in China growth enterprise market

Liu, Zhengyang

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	China
dc.creator	Liu, Zhengyang
dc.date.accessioned	2012-09-13T19:50:45Z
dc.date.available	2012-09-13T19:50:45Z
dc.date.issued	2012
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/24675
dc.description	1 online resource (vi, 53 leaves) : ill.
dc.description	Includes abstract and appendices.
dc.description	Includes bibliographical references (leaf 31).
dc.description.abstract	The phenomenon of IPOs’ underpricing has been investigated of stock markets around the world. In this paper, I focus on 203 IPOs from 2009 to 2011 extracted from Shenzhen growth enterprise market. Underpricing is directly related to turnover ratio, initial P/E ratio, prior year’s ROE, subscribe multiple and free float. The study shows that the initial abnormal return on the secondary market is significantly positive. This study also finds that the initial return in the primary market is negatively related to the free float and IPO P/E ratio. And it is positively related to the prior year’s ROE, subscribe multiple and the turnover rate.
dc.description.provenance	Submitted by Trish Grelot (trish.grelot@smu.ca) on 2012-09-13T19:50:45Z No. of bitstreams: 1 IPO Underpricing in China Growth Enterprise Market.pdf: 1206495 bytes, checksum: 70d5d365741e1d1dc28759b941a78252 (MD5)	en
dc.description.provenance	Made available in DSpace on 2012-09-13T19:50:45Z (GMT). No. of bitstreams: 1 IPO Underpricing in China Growth Enterprise Market.pdf: 1206495 bytes, checksum: 70d5d365741e1d1dc28759b941a78252 (MD5)	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary’s University
dc.title	IPO underpricing in China growth enterprise market	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.)