Initial Public Offerings: Findings and Theories

1. Front Matter

   Pages i-xx

   PDF

2. Initial Public Offerings: An Introduction

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 1-4

3. History, Regulation, and Process

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 5-12

4. Empirical Findings

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 13-25

5. Theoretical Models of IPOs

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 27-67

6. Testing Theories of Underpricing

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 69-82

7. Conclusion

   • Seth C. Anderson, T. Randolph Beard, Jeffery A. Born

   Pages 83-86

8. Back Matter

   Pages 87-111

   PDF

Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high initial returns to equity IPOs in the United States and other free-market economies.
Audience: Designed for use by anyone wishing to perform further academic research in the area of IPOs and by those practitioners interested in IPOs as investment vehicles.

• Bonds
• Initial Public Offering
• financial markets
• investment
• regulation

• University of North Florida, USA

  Seth C. Anderson

• Auburn University, USA

  T. Randolph Beard

• Northeastern University, USA

  Jeffery A. Born

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