Underpricing and the New Issue Process in Singapore
Publication Type
Journal Article
Publication Date
8-1990
Abstract
The new issue process in Singapore is examined and evidence for underpricing is presented. Underpricing will reduce revenues when the Singapore government privatizes its companies and statutory boards. Solutions are proposed to ameliorate the underpricing problem. These solutions relate to the merchant banking arrangements by which companies are brought public; the allocation procedures of new issues; and the means through which the purchase of new shares are funded.
Discipline
Business
Research Areas
Finance
Publication
Journal of Banking and Finance
Volume
2-3
Issue
2-3
First Page
291
Last Page
309
ISSN
0378-4266
Identifier
10.1016/0378-4266(90)90051-3
Publisher
Elsevier
Citation
Saunders, Anthony and LIM, Young Sain, Joseph.
Underpricing and the New Issue Process in Singapore. (1990). Journal of Banking and Finance. 2-3, (2-3), 291-309.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/1137