Lockup: a credible IPO signal?
Lim, Francine Siew Koon
Quek, Lee Nah
Date of Issue2003
College of Business (Nanyang Business School)
This paper examines whether lock-up is a signaling mechanism used by insiders of IPO firms in order to convey the quality of the firm, using a sample of 315 IPOs in Singapore, which occurred between 1990 and 2000.
Nanyang Technological University