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Showing 1 to 1 of 1 for “"IPO; underpricing; long-run performance; China; A share;"”.
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The aftermarket performance of Chinese a share IPOs
… study investigates the initial returns and the long run returns ( for up to 3 years) of 328 new issues listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from 1 January 1997 to 31 May 1999. The average market-adjusted initial return of our study sample is 135.44 percent, …