IPO Lockup Expiry, Market Reaction and Regulatory Change in Malaysian Market

• Main Authors: Mohamed Arshad, Shamsul Bahrain, Taufil Mohd, Kamarun Nisham, Ahmad Zaluki, Nurwati Ashikkin
• Format: Article
• Language: English
• Published: Research Institute for Progression of Knowledge 2017
• Subjects: HB Economic Theory
• Online Access: https://repo.uum.edu.my/id/eprint/31066/1/IJESS%2004%2002%202017%2021-28.pdf; https://repo.uum.edu.my/id/eprint/31066/

This paper examines the market reaction and regulatory change at the expiration of 292 Malaysian initial public offerings (IPOs) during the period of 2003-2012 involving two lockup regimes. IPO lockup in Malaysia is mandatory as opposed to voluntary where it is negotiated between IPO firm and its un...