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An analysis of underpricing and aftermarket performance of initial public offerings on the Alternative Exchange (AltX)
Item type: Journal Article • Journal: South African Journal of Accounting Research • Authors: C. Correia --- Department of Accounting, G. Holman --- Department of Accounting,This paper reviews the international evidence of underpricing of Initial Public Offerings and analyses IPO underpricing by companies listing on the South African Alternative Exchange (AltX). Underpricing is indicated by measuring the percentage difference between the initial offer price and...
