Question
Researchers document significant first trading day share price increases in a large sample of initial public offerings (IPOs) of equity but also find share prices
Researchers document significant first trading day share price increases in a large sample of initial public offerings (IPOs) of equity but also find share prices tend to decline when companies make announcements on season equity offerings (SEOs). Please use appropriate finance theories to explain why share price behaves differently in IPOs and SEOs.
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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