FratFiles

• Save Paper

1
UNDER-PRICING AND LONG-RUN
PERFORMANCE OF INITIAL PUBLIC
OFFERINGS IN INDIAN STOCK MARKET
Dr. S. Janakiramanan
Associate professor
Singapore Management University
SINGAPORE MANAGEMENT UNIVERSITY
(LEE KONG CHIAN SCHOOL OF BUSINESS)
2
INTRODUCTION
The transition from being a private company to a public one is one of the most
important events in the life of a firm. It is also one of particular interest to institutional
investors, and the transition is facilitated through the initial public offering (IPO) process.
The IPO provides a fresh source of capital that is critical to the growth of the firm and
provides the founder and other shareholders such as venture capitalists a liquid market for
their shares. From an institutional investor's perspective, the IPO provides an opportunity to
share in the rewards of the growth of the firm.
When a firm issues equity to the public for the first time, it makes an initial public
offering consisting of two kinds of issues –......

View the rest of this paper...

Approximate Word Count: 5283
Approximate Pages: 22 (250 words per double-spaced page)

Similar Essays

1. Business Research Paper
   

   Business Research Paper Research in business "For a long time, research companies have offered efficient collection of data, as well as timely and accurate reporting as their

2. Business Research Problem/Opportunity Analysis
   

   Business Research Problem/Opportunity Analysis Posting ID: 83331 Business, Business Analysis Year 3 Business Research Problem/Opportunity Analysis Hi. This is a research project,

3. Research And Development In Hungary
   

   Research And Development In Hungary RESEARCH AND DEVELOPMENT IN HUNGARY 2003œ2004 Realising that the modern economies in the 21st century will be based on knowledge, Hungary took

4. Research Paper
   

   Research Paper Writing a Research Paper [pic] Written by Sarah Hamid Introduction Despite the illusion, the research-paper writing process (as with any writing process) is

5. Qualitative Research Methods
   

   QUALITATIVE RESEARCH METHODS MODERN ORGANIZATION THEORY TERM PROJECT QUALITATIVE RESEARCH METHODS FROM AN ORGANIZATION MANAGEMENT PERSPECTIVE Ýhsan Ulaþ Kocaoðlu JANUARY 2006