IPO Pricing Model based on Game Analysis between Offering Firms in IT Industry and Underwriters
It is well known that firms in IT industry must issue their shares for the further development when growing large enough scale. Stock market in china, as a new stock market,has stronger speculation and more randomly fluctuant prices than those in any developed countries, which also expresses underpricing clearly. Firms in IT industry shows unique characteristic, which is different from the companies in other industries because of their operation and development pattern. Analyzing the relation among offering firms in IT industry, underwriters and new investor in IPO, this paper deduces a cooperative game model.
Game Analysis Initial Public Offerings (IPO) IT Industry Offering Firms Underwriters
Xusong Xu Jianmin Sun
Economics and Management School, Wuhan University Wuhan, Hubei 430072, P.R.China
国际会议
杭州
英文
1342-1344
2006-10-12（万方平台首次上网日期，不代表论文的发表时间）