Examination of Malaysian IPO selling price performance
simply by Lee Kai Liang.
Summary (Summary) An Initial Public Providing (IPO) is definitely the first sale for a business common stocks and shares to traders on a open public stock exchange. It is widely assumed that IPO's price appears to have romantic relationship with its list market price. Investor's general perception shows BORSEGANG (OSTERR.) is beneath pricing and certain to obtain capital gain in the event that immediately promote their stocks and shares in extra market on the first working day of IPO's trading. Nevertheless , there are instances whereby first day final price is same or decrease that GOING PUBLIC price. In such a case, investors to know the BORSEGANG (OSTERR.) pricing performance in short and longer conditions. This study will examine the relationship of IPO offer price having its first time closing market price and longer term of 1st year shutting market price and expected dividend to it is first season closing market price. This study covers intended for IPO's listed from January 2002 to October 2006 in Bursa Malaysia. The Paired Trials T-test and Multiple Regression techniques will be conducted with this research. The analysis suggested a positive and significant romance between GOING PUBLIC Price, First Day Shutting Price and First Season Closing Cost. The results show that First Working day Closing is usually averagely twenty two. 41 percent higher than BORSEGANG (OSTERR.) Price and First Year Closing Price are averagely 20. 25 percent larger that BORSEGANG (OSTERR.) Price in five years period. This finding supports the GOING PUBLIC under pricing theories made by previous studies that could be used in Bursa Malaysia too. The regression analysis reveals First Season Closing Cost has significant influence via First Working day Closing Value but only marginal affect from Predicted Dividend. Indexing (Document Details) Author: Shelter, Kai Liang. Supervisor(s): Assoc. Prof. Dr . R. Ravindran. Faculty: Graduate School. Author: Universiti Realisieren Abdul Razak. Uncontrolled First Public Providing (IPO).
Keywords: Public stock market. First Day Closing Cost. First 12 months Closing Selling price. Bursa...