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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | The effect of COVID-19 on Initial Public Offerings |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 50 |
| Date | 2021 |
| Abstract Text | This research aims to analyze the impact of COVID-19 on Initial Public Offerings in three different dimensions: the monthly sum of successfully completed IPOs, the volume of capital raised by the IPOs and the level of underpricing (or first day returns). Although the pandemic seemed like a devastating event, the results of this research showed that in the case of the monthly sum of IPOs the countries which suffered more stringent countermeasures has risen, the volume of capital raised has generally risen as well and the first day returns were higher, especially in countries with harsher countermeasures. This results suggest that the pandemic could be defined as a hot market cycle, according to the definition provided by the research of Helwege and Liang (2004). |
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