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Keywords: Lockup period
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Journal Articles
IPO overvaluation and returns prior to lockup expiration
Available to Purchase
Journal:
Managerial Finance
Managerial Finance (2017) 43 (12): 1392–1410.
Published: 04 December 2017
...K. Stephen Haggard; Yaoyi Xi Purpose Conventional wisdom says that the price reduction stocks experience at expiration of the initial public offering (IPO) lockup period is due to relaxation of selling constraints. Findings from more recent literature question this explanation. The purpose...
