Browsing by Author "Govindjee, Heetal"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Open Access
    The performance of initial public offerings on the JSE
    (2012) Govindjee, Heetal; Holman, Glen
    This study examined the performance 60 initial public offerings listing on the JSE main board between 1 January 2000 and 31 December 2011. Significant underpricing of 10.1% and 8.5% was found to exist on the first day and during first week subsequent to the IPO. Underperformance of 14.17% was found using abnormal returns and 12.91% underperformance was found when holding period returns were calculated one year after the IPO.