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The aftermarket performance of initial public offerings: New evidence from an emerging market

This paper presents new updated evidence on the initial public offering (IPO) aftermarket performance for 144 public listed firms on the Colombo Stock Exchange from 1991 to 2017. We found that average aftermarket returns are always lower than 1%. On average, buy and hold abnormal returns are negativ...

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Detalles Bibliográficos
Autores principales: Rathnayake, Dilesha Nawadali, Zhang, Zhixin, Yang, Bai, Louembé, Pierre Axel
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9394850/
https://www.ncbi.nlm.nih.gov/pubmed/35994480
http://dx.doi.org/10.1371/journal.pone.0272092