An Empirical Study on IPO Underpricing of the Shanghai A Share Market
Available Online June 2015.
- https://doi.org/10.2991/meici-15.2015.85How to use a DOI?
- IPO Underpricing; The Shanghai A Shares; Regression Analysis
- The China stock was born for more than 20 years. And the IPO underpricing has become a common phenomenon in securities market. Combined with the current academic research results of IPO underpricing theory, researchers can know that the sentiment of investors, the manipulation of institutions and the introduction of stock index futures can explain IPO underpricing phenomenon from a certain angle. In this paper, by the statistical data of SSE A share IPO and the build of the multiple linear regression model, exploring the factors which cause of the IPO underpricing. The main influence factors that can be summed up are the first day exchange rate, the issuance price earnings ratio etc. Finally, according to the results of relevant research, researchers will raise some useful advice to improve the order of trading market .
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Xiaoyan Wang PY - 2015/06 DA - 2015/06 TI - An Empirical Study on IPO Underpricing of the Shanghai A Share Market BT - 2015 International Conference on Management, Education, Information and Control PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/meici-15.2015.85 DO - https://doi.org/10.2991/meici-15.2015.85 ID - Wang2015/06 ER -