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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title Dot-com bubble 2.0? Comparing the current IPO market to 20 years ago
Organization Unit
Authors
  • Fabrice Schweizer
Supervisors
  • Kjell G. Nyborg
  • Lilia Mukhlynina
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 46
Date 2022
Abstract Text This thesis analyzes US IPO data from 2016 to 2021, to see if IPO market figures deviate from average values similar to what was observed over the course of the dot-com bubble. Additionally, the IPOs are classified by industry, sales, and price-sales ratio to test what IPOs are responsible for the deviation on an aggregate level. The results show that in 2020 and 2021, the IPO market is showing clear signs of overheating, mainly caused by high investor demand for IPOs with low sales, indicating that stock markets are currently in an asset pricing bubble.
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