Do secondary shares in the IPO process have a negative effect on aftermarket performance?
We revisit and extend the topic of secondary share sales and revisions in IPOs. First we test to determine if secondary share sales constitute a negative signal that is captured in aftermarket performance. We find secondary share sales in general are not
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|Source:||Journal of Banking and Finance|
|01_Brau_Do_secondary_shares_in_the_IPO_2007.pdf||209.84 kB||Adobe PDF||Request a copy|
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