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The Short Term Price Performance of Initial Public Offerings of Common Stock: Australia 1991-1994


  • Kearney, C.
  • Sadeghi, M.


This paper provides new evidence on the short-term pricing of Australian IPOs using daily data on 188 IPOs from January 1991 to december 1994. In contrast to previous Australian studies it clearly demarcates the primary from the secondary IPO market by the first transaction which takes place on the first day of the listed trading.

Suggested Citation

  • Kearney, C. & Sadeghi, M., 1996. "The Short Term Price Performance of Initial Public Offerings of Common Stock: Australia 1991-1994," Papers e9602, Western Sydney - School of Business And Technology.
  • Handle: RePEc:fth:wesybu:e9602

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    JEL classification:

    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation


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