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Why Was Internet IPO Underpricing so Severe?
16 references·0 citing·36 second hop
Why Was Internet IPO Underpricing so Severe? (2001)Why Was Internet IPO Underpricing so Seve…Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs? (2002)Why Don’t Issuers Get Upset A…Strategic IPO underpricing, information momentum, and lockup expiration selling (2002)Strategic IPO underpricing, i…Irrational Exuberance (2000)Irrational ExuberanceThe Persistence of IPO Mispricing and the Predictive Power of Flipping (1999)The Persistence of IPO Mispri…Venture capitalists and the decision to go public (1994)Venture capitalists and the d…Venture Capitalist Certification in Initial Public Offerings (1991)Venture Capitalist Certificat…Venture Capitalist Certification in Initial Public Offerings (1991)Venture Capitalist Certificat…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…The role of venture capital in the creation of public companies (1990)The role of venture capital i…Speculative Prices and Popular Models (1990)Speculative Prices and Popula…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …How investment bankers determine the offer price and allocation of new issues (1989)How investment bankers determ…Auditor Reputation and the Pricing of Initial Public Offerings. (1989)Auditor Reputation and the Pr…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSWhy new issues are underpriced (1986)Why new issues are underpricedInvestment banking, reputation, and the underpricing of initial public offerings (1986)Investment banking, reputatio…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)The structure and governance of venture-capital organizations (1990)Financial Intermediation, Loanable Funds, and The Real Sector (1997)Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Founders’ human capital and the growth of new technology-based firms: A competence-based view (2005)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Role of Market Forces in Assuring Contractual Performance (1981)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Information and the Cost of Capital (2004)Theory of Rational Option Pricing (1973)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Why Has IPO Underpricing Changed Over Time (2004)Theory of rational option pricing (2005)Auditor independence, ‘low balling’, and disclosure regulation (1981)Interorganizational Endorsements and the Performance of Entrepreneurial Ventures (1999)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)Event Studies in Economics and Finance (1997)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Why Has IPO Underpricing Changed Over Time? (2002)DotCom Mania: The Rise and Fall of Internet Stock Prices (2003)Prospect theory, mental accounting, and momentum (2005)The New Issues Puzzle (1995)Investor Psychology and Security Market Under‐ and Overreactions (1998)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)A Review of IPO Activity, Pricing, and Allocations (2002)Whom You Know Matters: Venture Capital Networks and Investment Performance (2007)Globalization and its Discontents (2001)Investor Sentiment and the Cross-Section of Stock Returns (2003)The short of it: Investor sentiment and anomalies (2011)
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References

  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1986Investment banking, reputation, and the underpricing of initial public offerings2,581 cited
  • 1990Initial Public Offerings and Underwriter Reputation2,442 cited
  • 1991Venture Capitalist Certification in Initial Public Offerings2,322 cited
  • 1989How investment bankers determine the offer price and allocation of new issues1,815 cited
  • 2000Irrational Exuberance1,515 cited
  • 2002Why Don’t Issuers Get Upset About Leaving Money on the Table in IPOs?1,384 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1990The role of venture capital in the creation of public companies1,167 cited
  • 1994Venture capitalists and the decision to go public964 cited
  • 1991Venture Capitalist Certification in Initial Public Offerings637 cited
  • 1989Auditor Reputation and the Pricing of Initial Public Offerings.634 cited
  • 1990Speculative Prices and Popular Models448 cited
  • 2002Strategic IPO underpricing, information momentum, and lockup expiration selling447 cited
  • 1999

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The Persistence of IPO Mispricing and the Predictive Power of Flipping
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