As cited by Dimovski and Brooks, underpricing refers to transfer of wealth from the issuing firm to the investors in the IPO. (Brooks, 2010) The issue of IPO being launched at a price substantially less than their market value on the first day of listing, is a global phenomenon now. The issue is now widely documented as academic researchers are performing a plethora of research work to evaluate the IPO underpricing. Even though the issue of IPO under pricing is internationally pervasive, however, in the recent years, researchers are getting more inclined in evaluating the IPO pricing in emerging ...
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Since the early civilizations, man has desired to establish his dominance to the world and find alternative means to improve living and sustain progress. The struggle to progress had been difficult and marred with conflict and mortalities despite the advent of technology and international politics. However, progress cannot be attained without consequences as several nations are now experiencing cases of extreme poverty and hunger, mortality and inequality even in developed Many proposals have been given by world leaders, especially on the issue of poverty, hunger, and child mortality, but none had been extensive as compared to the United Nations ...
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