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You searched for subject:(Nordic IPO Market). Showing records 1 – 2 of 2 total matches.

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Uppsala University

1. Nätter, Anton Läck. Underpricing of Initial Public Offerings : Evidence from the Nordic.

Degree: Economics, 2019, Uppsala University

This thesis is an empirical event study that examines the short-run performance of initial public offerings (IPO), known as underpricing and initial return. I argue that literature which only presents equal weights could potentially give the reader a skewed understanding of the width of the concept. By using a new data set of Nordic IPOs during the period 2009-2018, I provide estimates using equal as well as market capitalization weights consistently to give a more nuanced and fair picture. The equally weighted first-day initial return is estimated to be 4.96% and the value weighted first-day initial return is estimated to be 5.32% during the examined time period. Further, the initial return is examined in relation to firm characteristics as well as quarterly index returns and issuance volume. No statistically significant characteristics that can identify additional levels of underpricing was found. Quarterly average initial returns and quarterly index returns are independent of each other. In line with previous literature the positive relationship of issuance volume and initial return is valid on a quarterly level, indicating that firms tend to go public in times of positive and higher initial returns to a greater extent.

Subjects/Keywords: Initial Public Offerings; Initial Return; IPO; Nordic IPO Market; Short-Run Performance; Underpricing; Economics; Nationalekonomi

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Nätter, A. L. (2019). Underpricing of Initial Public Offerings : Evidence from the Nordic. (Thesis). Uppsala University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-388804

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Nätter, Anton Läck. “Underpricing of Initial Public Offerings : Evidence from the Nordic.” 2019. Thesis, Uppsala University. Accessed January 29, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-388804.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Nätter, Anton Läck. “Underpricing of Initial Public Offerings : Evidence from the Nordic.” 2019. Web. 29 Jan 2020.

Vancouver:

Nätter AL. Underpricing of Initial Public Offerings : Evidence from the Nordic. [Internet] [Thesis]. Uppsala University; 2019. [cited 2020 Jan 29]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-388804.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Nätter AL. Underpricing of Initial Public Offerings : Evidence from the Nordic. [Thesis]. Uppsala University; 2019. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-388804

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

2. Widemark, Oskar. Private Equity och nyintroduktioners långsiktiga avkastning.

Degree: Business Studies, 2017, Uppsala University

I denna studie av nyintroduktioner på börsen (IPO:er), från 2006 till 2014, på börsen Nasdaq Nordic (som består av Nasdaqs börser i Finland, Sverige, Danmark och Island) undersöker vi om avkastningen för private equity-ägda företags IPO:er på lång sikt är högre än hos de icke private equity-ägda företagens IPO:er. Vi mäter den långsiktiga avkastningen genom att använda måttet BHAR och jämföra de två grupperna sinsemellan. Vi finner att private equity- ägda företags IPO:er har en högre avkastning än de icke private equity-ägda företagens IPO:er över de båda tidsperioderna 1 och 3 år. 

In this study of IPOs, from 2006 until 2014, of the Nasdaq Nordic market (main markets of Finland, Sweden, Denmark and Iceland) we are investigating whether the long-run return of private equity backed IPOs significantly differs from the return of non-private equity backed IPOs. We measure the long-run performance by using the simple BHAR and comparing the two samples. We find that private equity-backed IPOs significantly outperform non-private equity backed companies over the measured time periods, 1 and 3 years. 

Subjects/Keywords: Nordic market; Private equity; Long-run return; IPO; BHAR; Nordiska marknaden; Private equity; Långsiktig avkastning; IPO; BHAR; Business Administration; Företagsekonomi

…x29;. Market Reaction to the Expiration of IPO Lockup Provisions. Managerial Finance, 30… …hänsyn tas till bolagens storlek och "book-to-market ratio" (bokfört värde i… …avkastning främst är kopplat till små företag med låg bookto-market ratio oavsett om de är IPO:er… …karakteristika bland de företag som gör en IPO. De menar på att ledningen kan "manipulera"… …ett PE-ägande i ett företag som ska genomföra en IPO kan då fungera som en typ av… 

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Widemark, O. (2017). Private Equity och nyintroduktioners långsiktiga avkastning. (Thesis). Uppsala University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-319380

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Widemark, Oskar. “Private Equity och nyintroduktioners långsiktiga avkastning.” 2017. Thesis, Uppsala University. Accessed January 29, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-319380.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Widemark, Oskar. “Private Equity och nyintroduktioners långsiktiga avkastning.” 2017. Web. 29 Jan 2020.

Vancouver:

Widemark O. Private Equity och nyintroduktioners långsiktiga avkastning. [Internet] [Thesis]. Uppsala University; 2017. [cited 2020 Jan 29]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-319380.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Widemark O. Private Equity och nyintroduktioners långsiktiga avkastning. [Thesis]. Uppsala University; 2017. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-319380

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.