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New Issues Puzzle: Experience from Karachi Stock Exchange

Author

Listed:
  • Henna Malik
  • Malik Muhammad Shehr Yar
  • Attiya Yasmin Javid

Abstract

Study finds that both groups of IPOs outperforms on first trading day, as average initial market adjusted returns of SOE and non-SOE IPOs are 27.65 percent and 22.53 percent respectively.

Suggested Citation

  • Henna Malik & Malik Muhammad Shehr Yar & Attiya Yasmin Javid, 2017. "New Issues Puzzle: Experience from Karachi Stock Exchange," Working Papers id:12182, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:12182
    Note: Institutional Papers
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    References listed on IDEAS

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