Proceedings of the 2015 International Conference on Management, Education, Information and Control

An Empirical Study on IPO Underpricing of the Shanghai A Share Market

Authors
Xiaoyan Wang
Corresponding Author
Xiaoyan Wang
Available Online June 2015.
DOI
https://doi.org/10.2991/meici-15.2015.85How to use a DOI?
Keywords
IPO Underpricing; The Shanghai A Shares; Regression Analysis
Abstract
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 .
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Proceedings
2015 International Conference on Management, Education, Information and Control
Part of series
Advances in Intelligent Systems Research
Publication Date
June 2015
ISBN
978-94-62520-85-1
ISSN
1951-6851
DOI
https://doi.org/10.2991/meici-15.2015.85How to use a DOI?
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  -