Welch 1989 Ipo Under Pricing

Welch 1989 ipo under pricing

School of Business, University of Chicago. I am grateful for the support and encouragement of Randolph Beatty, Sandra Chamberlain, Jennifer Dropkin, Robert Gertner, Milton Harris, Mark Lang, Albert Madansky, Peter Pashigian, John Persons, Jay Sankaran, Robert Vishny, the participants of the Workshop of Economics and Econometrics at the University of Chicago, René Stulz (the editor), and Jay Ritter (the referee).

Welch 1989 ipo under pricing

I would also like to thank Jay Ritter and Hyuk Choe for permitting me access to their data bases. All remaining errors are my responsibility alone.

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(Ch 15, part 4 of 4) IPOs and underpricing