IPO UNDERPRICING PHENOMENON ON THE KARACHI STOCK EXCHANGE

Muhammad Khalid Sohail, Abdul Raheman, Muhammad Zakaria, Rehana Farhat In this study the risk-adjusted performance of IPO firms listed on the KSE from 2000 to 2012 is analyzed. The objective is to provide insights of the underpricing (first trading day) of IPOs and to find out the determinants of underpricing in the light of asymmetric […]