The Short Term Price Performance of Initial Public Offerings of Common Stock: Australia 1991-1994
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.
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|Date of creation:||1996|
|Contact details of provider:|| Postal: UNIVERSITY OF WESTERN SYDNEY,(MACARTHUR), SCHOOL OF BUSINESS AND TECHNOLOGY, CAMPBELTOWN NSW 2560 AUSTRALIA.|
Web page: http://www.uws.edu.au/sob
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