Working Paper

IPO Pricing and Long Run Performance: Role of Comparable Firms, Valuation Models, and Uncertainty

Author(s)

Paul Gao

Yan Gao

Ravi Jagannathan

We empirically demonstrate that those IPO firms that have reliable comparable firms with at least three years of trading history are priced right at the offer. Those who invested in an IPO firm
Date Published: 2006
Citations: Gao, Paul, Yan Gao, Ravi Jagannathan. 2006. IPO Pricing and Long Run Performance: Role of Comparable Firms, Valuation Models, and Uncertainty.
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