Empirical test on the rock's model of the pricing of initial public offerings in Singapore.
Lim, Hoon Khiat.
Ong, George Ann Ghee.
Toh, Liew Choon.
Date of Issue2004
College of Business (Nanyang Business School)
This paper presents a research study for a direct test of the empirical implications of Rock's model which explains why, in equilibrium, new issues are underpriced.
Final Year Project (FYP)
Nanyang Technological University