Brau, James CLi, MingshengShi, Jing2015-12-070378-4266http://hdl.handle.net/1885/17896We 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 notKeywords: Aftermarket performance; Initial public offerings; Insider selling200710.1016/j.jbankfin.2006.09.0162015-12-07