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Underpricing in Swedish IPOs: An investigation of the current situation and possible causes
Jönköping University, Jönköping International Business School.
Jönköping University, Jönköping International Business School.
2015 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Using a unique dataset of 41 IPOs from 2005 to 2015, we investigate the underpricing situation in the NASDAQ OMX Stockholm stock exchange. Our findings show a mean underpricing of 4.9% for the period, with values ranging from -20% to 28.3%. Further, we use a set of statistical models to explore the impact on underpricing from the issuing company’s age and size, choice of underwriter, their line of industry, and the size of their offering, all with some surprising results.

Place, publisher, year, edition, pages
Keyword [en]
IPO, Underpricing
National Category
Business Administration
URN: urn:nbn:se:hj:diva-26689ISRN: JU-IHH-FÖA-2-20150014OAI: diva2:813426
Available from: 2015-06-08 Created: 2015-05-22 Last updated: 2015-06-08Bibliographically approved

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