A study of IPO's underpricing and aftermarket performance in Singapore.
Tham, Eric Kah Jin.
Fong, Chor Cheong.
Yong, Kei Seng.
Date of Issue1994
College of Business (Nanyang Business School)
This is an empirical study to ascertain the extent of underpricing of initial public offerings (IPOs) both in the Mainboard and the SESDAQ in Singapore and their aftermarket performance up to two years. In addition, to ascertain the impact on underpricing of the recently implemented and popular mixed fixed and tender system of share allocation for IPOs
NANYANG TECHNOLOGICAL UNIVERSITY