Article1988

PRICE PERFORMANCE OF INITIAL PUBLIC OFFERINGS OF MASTER LIMITED PARTNERSHIP UNITS

22 citations0/0 files storedFinancial Review

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Markets and Investment Strategies Corporate Finance and Governance Financial Analysis and Corporate Governance

Abstract

ABSTRACT This paper is the first to provide evidence on the pricing of initial public offerings of master limited partnerships (MLPs). A sample of fifty MLP offerings from January 1983 through July 1987 is analyzed. No significant underpricing (or overpricing) is found for the sample taken as a whole, although some slight overpricing is found for certain industry subsamples. These findings are in sharp contrast to the pervasive evidence from previous studies that document significantly positive initial returns for common stock initial offerings.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 22 citations exist upstream.

References

1986Why new issues are underpriced 1986Investment banking, reputation, and the underpricing of initial public offerings 1984The "Hot Issue" Market of 1980 1986Investment banking and the capital acquisition process 1982A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues 1986A comparison of equity carve-outs and seasoned equity offerings 1987An Examination of Mispricing, Returns, and Uncertainty for Initial Public Offerings 1987Initial Public Offerings: Daily Returns, Offering Types and the Price Effect

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.