IPO UNDER-PRICING FROM MORNINGSTAR DATANALYSIS

Calculate the 2-year holding period return for
each company in the list
– Compare and contrast the 2-year performance
with the initial return based on the grouping
variables chosen in Question (1)

Part A question 3:
– Select and discuss 2 theories/propositions in
your opinion that provide the most plausible
explanations for the occurrence of short-run IPO
underpricing.