UK IPOs: Long run returns, behavioural timing and pseudo timing
(2010)
Journal Article
Gregory, A., Guermat, C., & Al-Shawawreh, F. (2010). UK IPOs: Long run returns, behavioural timing and pseudo timing. Journal of Business Finance and Accounting, 37(5-6), 612-647. https://doi.org/10.1111/j.1468-5957.2010.02182.x
In this paper we examine a comprehensive set of 2,499 UK IPOs launched between mid-1975 and the end of 2004. We find compelling evidence of long run under-performance that persists for between 36 and 60 months post-flotation, depending on the precise... Read More about UK IPOs: Long run returns, behavioural timing and pseudo timing.