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The IPO and first seasoned equity sale: Issue proceeds, owner/managers' wealth, and the underpricing signal

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  • Katherine Spiess, D.
  • Pettway, Richard H.

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  • Katherine Spiess, D. & Pettway, Richard H., 1997. "The IPO and first seasoned equity sale: Issue proceeds, owner/managers' wealth, and the underpricing signal," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 967-988, July.
    • Handle: RePEc:eee:jbfina:v:21:y:1997:i:7:p:967-988
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    References listed on IDEAS

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    1. Carter, Richard B, 1992. "Underwriter Reputation and Repetitive Public Offerings," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 15(4), pages 341-354, Winter.
    2. Jegadeesh, Narasimhan & Weinstein, Mark & Welch, Ivo, 1993. "An empirical investigation of IPO returns and subsequent equity offerings," Journal of Financial Economics, Elsevier, vol. 34(2), pages 153-175, October.
    3. Barry, Christopher B, 1989. " Initial Public Offering Underpricing: The Issuer's View--A Comment," Journal of Finance, American Finance Association, vol. 44(4), pages 1099-1103, September.
    4. Carter, Richard B & Manaster, Steven, 1990. "Initial Public Offerings and Underwriter Reputation," Journal of Finance, American Finance Association, vol. 45(4), pages 1045-1067, September.
    5. Mark Grinblatt & Chuan Yang Hwang, "undated". "Signalling and the Pricing of Unseasoned New Issues," Rodney L. White Center for Financial Research Working Papers 1-89, Wharton School Rodney L. White Center for Financial Research.
    6. Leland, Hayne E & Pyle, David H, 1977. "Informational Asymmetries, Financial Structure, and Financial Intermediation," Journal of Finance, American Finance Association, vol. 32(2), pages 371-387, May.
    7. Jon A. Garfinkel, 1993. "IPO Underpricing, Insider Selling and Subsequent Equity Offerings: Is Underpricing a Signal of Quality?," Financial Management, Financial Management Association, vol. 22(1), Spring.
    8. Slovin, Myron B. & Sushka, Marie E. & Bendeck, Yvette M., 1994. "Seasoned common stock issuance following an IPO," Journal of Banking & Finance, Elsevier, vol. 18(1), pages 207-226, January.
    9. Allen, Franklin & Faulhaber, Gerald R., 1989. "Signalling by underpricing in the IPO market," Journal of Financial Economics, Elsevier, vol. 23(2), pages 303-323, August.
    10. Chemmanur, Thomas J, 1993. "The Pricing of Initial Public Offerings: A Dynamic Model with Information Production," Journal of Finance, American Finance Association, vol. 48(1), pages 285-304, March.
    11. Welch, Ivo, 1989. " Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 44(2), pages 421-449, June.
    12. Richard B. Carter, 1992. "Underwriter Reputation And Repetitive Public Offerings," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 15(4), pages 341-354, December.
    13. Christopher B. Barry & Robert H. Jennings, 1993. "The Opening Price Performance of Initial Public Offerings of Common Stock," Financial Management, Financial Management Association, vol. 22(1), Spring.
    14. Ritter, Jay R, 1991. "The Long-run Performance of Initial Public Offerings," Journal of Finance, American Finance Association, vol. 46(1), pages 3-27, March.
    15. Grinblatt, Mark & Hwang, Chuan Yang, 1989. " Signalling and the Pricing of New Issues," Journal of Finance, American Finance Association, vol. 44(2), pages 393-420, June.
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