Bigger pie, bigger slice: liquidity, value gain, and underpricing in IPOs

Academic journals

Publication Date

11/01/2025

Journal of Financial Markets

Publication Authors

Lily Yuanzhi Li

Hongda Zhong

Yang Guo, Lily Yuanzhi Li, Hongda Zhong (2025). Bigger pie, bigger slice: liquidity, value gain, and underpricing in IPOs. Journal of Financial Markets, 72, 100949.

doi: 10.1016/j.finmar.2024.100949