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Browsing MBA (BUIC) by Author "Tahir Wajeeh, 01-121052-029"
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Tahir Wajeeh, 01-121052-029
(Bahria University Islamabad Campus, 2007)
When companies go public, the equity they sell in an initial public offering tends to be under priced, resulting in a substantial price jump on the first day of trading. The under pricing discount in the United States ...