Initial Public Offerings (IPO): An International Perspective of IPOs (Quantitative Finance) (Hardcover)

by Greg N. Gregoriou (Author) "The question as to whether equity markets reside in a potential 'hot-issue' or 'cold-issue' market regime plays an essential role in the initial equity financing..." (more)
Key Phrases: listed investment funds, discretionary current accruals, shares flipped, Journal of Finance, Journal of Financial Economics, Neuer Markt (more...)

Editorial Reviews

Review
"Gregoriou once again offers us a collection of insightful and informative scientific articles. This reader covers the many interesting facets of IPOs, including performance studies in different countries, analysis of the underpricing phenomenon, as well as the role of the underwriters and the corporate structure on IPO valuations. The articles, written by both practitioners and academics, provide rigorous empirical analysis and offer intuitive conclusions. A great read for IPO aficionados!"
-- Nicolas Papageorgiou, Assistant Professor of Finance, HEC Montreal

"This collection of new articles on IPOs is literally a must-have handbook for investors, academics, and traders worldwide interested in studying IPO performance. The articles focus on IPOs on an international level thereby allowing the reader to compare the performance of IPOs in many countries. Initial Public Offerings truly adds to the existing IPO literature with a list of well known academics/contributors in the field of IPOs. This book truly presents the latest cutting edge research on European IPOs, Asian IPO and IPOs in other countries."
--Komlan Sedzro, Professor of Finance, University of Quebec at Montreal

"Now, whilst the IPO market is relatively calm,is a good period for some academic analysis of this phenomenon,and the idea of a global approach is highly innovative.The result is a wide-ranging and accesible book,that will be a valued reference work for scholars and practitioners."
-- Dr. Stephen E. Satchell, University Reader, Cambridge University; Fellow, Trintiy College

"This collection of timely articles provides further empirical evidence on the well-known IPO underpricing and long-run underperformance phenomena from a range of countries that differ in their market structures and regulatory environments. This wealth of new evidence will no doubt stimulate further work in the area."
-- Alexander Ljungqvist, Associate Professor of Finance, Stern School of Business, New York University

Book Description
Leading researchers from around the world present research on real results over the past 7 years

See all Editorial Reviews

Product Details

• Hardcover: 464 pages
• Publisher: Butterworth-Heinemann (December 16, 2005)
• Language: English
• ISBN-10: 0750679751
• ISBN-13: 978-0750679756
• Product Dimensions: 9.2 x 6.8 x 1.2 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #990,852 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

0 of 1 people found the following review helpful:

5.0 out of 5 stars Excellent book, April 11, 2006

By	Fabio Bertoni (Milan, Italy) - See all my reviews (REAL NAME)

An excellent collection of papers covering both short and long term performance of IPOs and their determinants with a strong focus on international evidence. An interesting reading for academics and practitioners.

Fabio Bertoni, PhD, CFA

0 of 1 people found the following review helpful:

5.0 out of 5 stars The definite collection on IPO papers, March 23, 2006

By	Dieter Kaiser (Frankfurt, Germany) - See all my reviews (REAL NAME)

This book really is true to its title. Broken down into four parts (Performance of IPOs, IPO Underpricing: International Evidence, Corporate Structure and IPO Evaluation and Bookbuilding, Listing and Underwriting) the reader will find international topics and also country-specific chapters for Taiwan, Turkey, Germany, Spain, France, Australia, USA and even Austria. In total there are 25 contributions from international academics and practitioners. There is no other book that describes the different aspects of IPOs in such detail and completeness. This highly recommended edited volume will serve as a reference text for professionals within the investment banking or private equity industry as well as for finance students.

Dieter G. Kaiser, Institutional Research, Benchmark Alternative Strategies, Frankfurt am Main, Germany

0 of 1 people found the following review helpful:

5.0 out of 5 stars highly recommended, March 23, 2006

By	Luc Renneboog - See all my reviews (REAL NAME)

While IPOs have attracted much academic research in the past, Prof. Gregoriou has still managed to collect a set of very interesting and insightful papers about corporate flotations. Much of what we know about IPO was confined to the Anglo-American countries, but this volume also details the IPO process of Continental European countries and of emerging economies. The collection also comprises some topics which did not receive much attention: e.g. earnings manipulation prior to a flotation, the creation of IPO indices, the special case of internet IPOs and so on. Therefore, the volume is highly informative. I recommend it to anyone interested in the process of bringing companies to the stock exchange.

Prof. Luc Renneboog, Tilburg University and European Corporate Governance Institute (ECGI)