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Underpricing of initial public offerings in Bangladesh

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  • Tanweer Hasan
  • Shakil Quayes

Abstract

The present study provides a comprehensive analysis of the short-run underpricing of initial public offerings (IPO) in Bangladesh and attempts to identify the factors which contribute to such underpricing in this heavily regulated underwriting market. Using a sample of 90 IPOs issued during the short-lived stock market boom in the mid-nineties, we show that increased ownership stake and foreign participation lowers the magnitude of underpricing.

Suggested Citation

  • Tanweer Hasan & Shakil Quayes, 2008. "Underpricing of initial public offerings in Bangladesh," Applied Financial Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 5-8.
    • Handle: RePEc:taf:raflxx:v:4:y:2008:i:1:p:5-8
    DOI: 10.1080/17446540701222383
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