Where is the missing value? Evidence from the game industry IPOs underpricing in Poland

• Published in: International Journal of Management and Economics Vol. 58; no. 4; pp. 335 - 350
• Main Authors: Śliwiński, Paweł, Ablewski, Szymon, Gemra, Kamil, Łukowski, Michał
• Format: Journal Article
• Language: English
• Published: Warsaw Sciendo 01.12.2022; De Gruyter Poland
• Subjects: Behavior; behavioral biases; Behavioral economics; Corporate profits; G11; G12; G41; game industry; Games; Hypotheses; Initial public offerings; Institutional investments; Investors; IPO underpricing; New stock market listings; Prices; Rates of return; United Kingdom > UK; Poland

The underpricing phenomenon on financial markets has long been the research subject in many financial areas - from neoclassical to behavioral finance. Once confirmed as a persistent pattern, it has begun an ongoing discussion as to its possible causes. Our study examined the phenomenon of IPO underp...