Article citationsMore>>

Padgett, C. and Chi, J. (2005) Short-Run Underpricing and Its Characteristics in Chinese IPO Markets. Research in International Business & Finance, 19, 71-93. https://doi.org/10.1016/j.ribaf.2004.10.004

has been cited by the following article:

• TITLE: The Influence of Government Regulation on IPO Underpricing

  AUTHORS: Lei Li

  KEYWORDS: IPO Underpricing, Government Regulation, Investor Sentiment

  JOURNAL NAME: Technology and Investment, Vol.9 No.2, May 22, 2018

  ABSTRACT: The IPO in China has been subject to the audit system, which imposes strict control over the pace of issuance of new stocks. The issuance of new stocks is relatively small, and there are also various restrictions on the issuance prices. High IPO underpricing rate and high turnover rate have always been unique to China’s new issue market. For this reason, this article begins with the causes of the high underpricing rate, and combines investor sentiment to study the effect of the new share issuance system on the IPO underpricing rate.