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Initial Public Offerings in “Hot” and “Cold” Markets - A Study of the Swedish IPO market
(2020-08-10)
This thesis aims to test if the IPO market differs in hot and cold market conditions in terms of industry clustering, firm characteristics, and long-run performance. The study is conducted on the Swedish IPO market ranging ...
UNDERPRICING IN COLD AND HOT ISSUE MARKETS: Testing the Changing Risk Composition Hypothesis on the Swedish IPO Market.
(2017-06-30)
This paper aims to investigate the difference in average first-day return on initial public offerings (IPOs) between the “cold issue” market of 2010-2013 and the “hot issue” market of 2014-2016 on the Swedish IPO market. ...
Abnormal returns for IPOs on the Swedish stock exchange
(2021-06-28)
We examine the occurrence of underpricing and short-term performance of a sample of 216 Swedish IPOs between 2017-2021. The theories used are the Efficient Market Hypothesis, Underpricing, Information asymmetry which ...
Underpricing of Venture Capital-Backed IPOs
(2020-06-29)
This thesis researched the effect of Venture Capital ownership on underpricing in IPOs. We conducted OLS-regressions on two data samples consisting of IPOs in the Nordics between 2009 and 2019. Two samples were collected, ...