Construct · 1 fields · 1 citations

IPO underpricing: a standalone construct

One name. One construct. A landmark on the map.

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IPOunderpricing1 CONSTRUCTIPO underpricingROCK · FINANCE

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Finance

the tendency of shares in an initial public offering to be priced below their first-day trading value.

In finance, IPO underpricing refers to the tendency of shares in an initial public offering to be priced below their first-day trading value. This meaning comes from Rock (1986) in Journal of Financial Economics.[1]

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Nearby constructs

information revelation theory of bookbuilding1 fields · 1 citationsanchor · a standalone constructprospect theory of IPO underpricing1 fields · 1 citationsanchor · a standalone constructvalue6 fields · 12 citationsjingle · one name, six constructs

References

  1. Rock, K. (1986). Why new issues are underpriced. Journal of Financial Economics, 15(1-2), 187-212. https://doi.org/10.1016/0304-405x(86)90054-1

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