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Title
The performance of initial public offerings on the JSE |
Full text
http://hdl.handle.net/11427/12071 |
Date
2012 |
Author(s)
Govindjee, Heetal |
Contributor(s)
Holman, Glen |
Abstract
Includes abstract. - Includes bibliographical references. - This study examined the performance 60 initial public offerings listing on the JSE main board between 1 January 2000 and 31 December 2011. Significant underpricing of 10.1% and 8.5% was found to exist on the first day and during first week subsequent to the IPO. Underperformance of 14.17% was found using abnormal returns and 12.91% underperformance was found when holding period returns were calculated one year after the IPO. |
Subject(s)
Financial Management |
Language
eng |
Publisher
University of Cape Town; Faculty of Commerce; Department of Finance & Tax |
Type of publication
Masters; MCom |
Repository
Cape Town - OpenUCT, University of Cape Town
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Added to C-A: 2017-02-17;13:37:57 |
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