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What factors do affect the underpricing on Swedish IPOs?: A quantitative study of returns on Swedish stock exchange markets
Linnaeus University, School of Business and Economics, Department of Management (MAN).
Linnaeus University, School of Business and Economics, Department of Management (MAN).
2023 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The IPO market in Sweden has been on the rise and has had years of record in number of companies that has gone public. The phenomenon of underpricing has been analyzed for years in different markets as well as in different time periods. This thesis analyzes the factors affecting underpricing during the years 2017 to 2022 on the markets: Nasdaq Stockholm, First North Stockholm and Spotlight. Additionally, an investigation of the underpricing between the industries have been done by using several control variables to determine the differences in underpricing between the industries. Various tests use a sample size of 366 companies to determine if the variables have a statistical significance. The results show that the average IPO during the time period is underpriced by approximately 9%. 

Place, publisher, year, edition, pages
2023. , p. 59
Keywords [en]
IPO, Underpricing, Swedish stock exchange, information asymmetry.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-123397OAI: oai:DiVA.org:lnu-123397DiVA, id: diva2:1784901
Educational program
Business Administration and Economics Programme, 240 credits
Supervisors
Examiners
Available from: 2023-08-09 Created: 2023-07-31 Last updated: 2023-08-09Bibliographically approved

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Type fulltextMimetype application/pdf

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf