...John D. Finnerty Purpose Press reports have indicated that firms frequently underprice restricted stock and employee stock options. I test for underpricing of stock and options. Design/methodology/approach I examined a sample of 5,333 private firm stock and option issuances between 1985...

... to IPO investors. Finally, IPO underpricing is associated with pre-IPO cash flow volatility, suggesting another channel in which IPO pricing is influenced. Research limitations/implications The hand collection for this paper is laborious and is limited to yearly cash flow and earnings numbers...

...Thomas Heine Felix; Henk von Eije Purpose The purpose of this paper is to analyze underpricing in initial coin offerings (ICO). It bridges the gap between findings in initial public offering (IPO) literature and empirical results from ICOs. Design/methodology/approach The sample set consists...

...Salim Darmadi; Randy Gunawan Purpose The purpose of this paper is to examine whether and how underpricing is associated with board structure and corporate ownership among firms conducting initial public offerings (IPOs) in the Indonesian equity market. Design/methodology/approach To capture...