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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title Underpricing of US Internet IPOs after the dotcom bubble
Organization Unit
Authors
  • Michael Tschopp
Supervisors
  • Kjell G. Nyborg
  • Jiri Woschitz
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 48
Date 2020
Abstract Text This paper investigates US internet IPO underpricing after the dotcom bubble and compares this to underpricing of a broader control group. In addition, the effect of various issuespecific variables on underpricing is tested. Empirically, this thesis shows that internet IPOs after the dotcom bubble are significantly more underpriced than control group IPOs. Furthermore, the characteristics driving internet IPO underpricing have somewhat changed after the dotcom bubble. Moreover, the results implicate that while some variables have similar effects both on internet and control group post dotcom bubble IPO underpricing, others have distinctively different effects on post dotcom bubble internet IPO underpricing.
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