Why new issues are underpriced

Baron, 1982, A model of the demand for investment banking advising and distribution services for new issues, Journal of Finance, 955, 10.2307/2327760

Beatty, 1986, Investment banking, reputation, and the underpricing of initial public offerings, Journal of Financial Economics, 10.1016/0304-405X(86)90055-3

Dieudonne, 1969

Federal, 1984, Proposed Rules

1975

Grossman, 1976, On the efficiency of competitive stock markets where traders have diverse information, Journal of Finance, 31, 573, 10.2307/2326627

Halloran, 1979

Ibbotson, 1982, Common stock new issues revisited

Ibbotson, 1975, Price performance of common stock new issues, Journal of Financial Economics, 2, 235, 10.1016/0304-405X(75)90015-X

Ibbotson, 1975, ‘Hot issue’, Journal of Finance, 30, 1027, 10.2307/2326721

Logue, 1973, On the pricing of unseasoned equity issues, 1965–1969, Journal of Financial and Quantitative Analysis, 8, 91, 10.2307/2329751

McDonald, 1972, New issue stock price behavior, Journal of Finance, 97, 10.2307/2978508

Myerson, 1981, Mechanism design by an informed principal

Parsons, 1985

Reilly, 1977, New issues revisited, Financial Management, 28, 10.2307/3664963

Reilly, 1969, Investor experience with new stock issues, Financial Analysts Journal, 73, 10.2469/faj.v25.n5.73

Ritter, 1984, The ‘hot issue’ market of 1980, Journal of Business, 57, 215, 10.1086/296260