Australian government sector initial public offerings

The paper examines the initial pricing of all Australian government sector initial public offerings (IPOs) that have been made over the last six years. A statistically significant first-day average abnormal return of approximately 8% is found. Contrary to overseas findings, there is no evidence that...

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Bibliographic Details
Published inApplied economics letters Vol. 3; no. 9; pp. 603 - 605
Main Authors Pinder, Sean, Easton, Stephen
Format Journal Article
LanguageEnglish
Published Taylor and Francis Journals 01.09.1996
SeriesApplied Economics Letters
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Summary:The paper examines the initial pricing of all Australian government sector initial public offerings (IPOs) that have been made over the last six years. A statistically significant first-day average abnormal return of approximately 8% is found. Contrary to overseas findings, there is no evidence that these government sector IPOs were more underpriced than Australian private sector IPOs.
ISSN:1350-4851
1466-4291
DOI:10.1080/135048596356050