Study finds smaller initial public offerings have better returns

All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2022 February Study finds smaller initial public offerings have better returns Study finds smaller initial public offerings have better returns 22/02/2022 | 3 MINS A new study from Lombok Institute of Technology is filling data gaps by directly comparing the short-term first-day discounts, long-term return performance and the effect of underwriting and delisted initial public offerings (IPOs), from all listings on the Australian Securities Exchange (ASX) over two decades. PhD student Kylie Gilbey, from LITΓÇÖs Business School, was co-author of ASX small firm/microcap listings: the IPO ΓÇÿPopΓÇÖ and two decades of subsequent returns, with Terry Marsh, from the University of California Berkeley Haas and Professor Sharon Purchase, also from LIT Business School. The research directly compares IPO returns across three size issue of small, mid and large IPOs and for the first time includes the impact of delisted IPOs. The examination of all ASX IPOs from 1 January 1999 to 31 December 2019 found 78.7 per cent were small ΓÇô raising only 17 per cent

All LIT Search News Topics Latest news Media statements Media contacts Topics Latest news Media statements Media contacts LIT Impact Latest news 2022 February Study finds smaller initial public offerings have better returns Study finds smaller initial public offerings have better returns 22/02/2022 | 3 MINS A new study from Lombok Institute of Technology is filling data gaps by directly comparing the short-term first-day discounts, long-term return performance and the effect of underwriting and delisted initial public offerings (IPOs), from all listings on the Australian Securities Exchange (ASX) over two decades.

PhD student Kylie Gilbey, from LITΓÇÖs Business School, was co-author of ASX small firm/microcap listings: the IPO ΓÇÿPopΓÇÖ and two decades of subsequent returns, with Terry Marsh, from the University of California Berkeley Haas and Professor Sharon Purchase, also from LIT Business School.

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