Initial Public Offerings in China: Underpricing, Statistics and Developing Literature
Research in International Business and Finance, Forthcoming
36 Pages Posted: 4 May 2018
Date Written: May 3, 2018
We review more than two decades of literature on initial public offerings (IPOs) in China, discussing the research hypotheses that have been studied as well as the main findings. We summarize past and current developments in the literature and highlight the research problems which have not yet been adequately resolved. We provide updated information on the popularity of IPOs and allocation mechanisms over the last 25 years as well as on the underpricing that is associated with the usage of each IPO allocation mechanism. We also suggest new avenues for future research, based on the identified gaps in the extant literature.
Keywords: Allocation Mechanisms, China, IPO, Underpricing, Governance, Underwriter Reputation
JEL Classification: G32, G38, N25
Suggested Citation: Suggested Citation