An empirical examination of over-subscription in the Malaysian IPO market

• Main Authors: Tajuddin, Ahmad Hakimi, Mohd Rashid, Rasidah, Abdullah, Nur Adiana Hiau, Abdul Rahim, Ruzita
• Format: Article
• Language: English
• Published: Universiti Putra Malaysia 2015
• Subjects: HB Economic Theory
• Online Access: http://repo.uum.edu.my/17631/1/IJEM%20%209%20S%20%2081-102.pdf; http://repo.uum.edu.my/17631/; http://econ.upm.edu.my/ijem/vol9noS/5.%20An%20Empirical%20Examination%20of%20Over-Subscription%20in%20the%20Malaysian%20IPO%20Market.pdf

This paper examines the effects of the involvement of informed investors and the presence of information asymmetry in fixed price mechanism on over-subscription ratio in the Malaysian initial public offerings (IPO).Analyzing the data on 373 IPOs listed on Bursa Malaysia from 2000 to 2012, we find an...