Share price and trading volume reactions to lockup expiration in Malaysian IPOs

• Main Authors: Mohamed Arshad, Shamsul Bahrain, Taufil Mohd, Kamarun Nisham, Ahmad Zaluki, Nurwati Ashikkin
• Format: Article
• Language: English
• Published: EconJournals 2016
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/19653/1/IJEFI%20%20%206%203%202016%20958-962.pdf; http://repo.uum.edu.my/19653/; http://www.econjournals.com/index.php/ijefi/article/view/2455

This paper examines the market reaction at the expiration of initial public offering (IPO) lockup on share prices and trading volume.The sample consists of 292 IPOs listed on Bursa Malaysia between May 2003 and December 2012.IPO lockup in Malaysia is mandatory as opposed to voluntary where it is n...