Speculative bubble in IPOs: evidence from Malaysian Fixed-Price IPOs

This paper examines the issue of speculative bubble in the pricing of Malaysian IPOs. In a fixed-price offering, one would expect the post-listing price movement to behave in accordance to a speculative bubble, where the IPO's price is pushed up high above its true value, and later stabilize...

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Bibliographic Details
Main Author: Othrnan Yong
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/7804/
http://journalarticle.ukm.my/7804/
http://journalarticle.ukm.my/7804/1/00000003.PDF

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