Information asymmetries and the underpricing of European IPOs
IPO underpricing is an international phenomenon that has been documented by numerous authors. However, the IPO market keeps evolving. Since the decline in IPO volume following the “dot-com bubble”, there have been periods with high IPO volume, as well as periods with low IPO volume. This paper uses a linear regression model and t-tests to investigate underpricing of European IPOs between 2001 and