IPO Listing day fluctuations are abnormal. As CNBC anchors term it there are lot of fun and games in these counters as there are no price bands on listing day.
- Financial Express on Listing Day Volatility
- Report on IPO listing day volatility in Business Standard
- Prithvi Haldea of Prime database on Listing Day price bands.
- SEBI's earlier proposal of 25% price band on first day of IPO Listing.
- DNA on the Violence of Volatility of New Listings. One has to participate to experience the abrupt price fluctuations.
- Will pre-opening trade help in case of IPOs Listing day fluctuations ?
- IPO manipulation behind these violent moves ? Sucheta Dalal here
- Research article on IPO pricing
- Scholarly article on IPO pricing. Infact the vast amount of availability of academic literature makes the study of financial markets endlessly fascinating and intellectually satisfying. A motivated student of financial markets can grasp all aspects of an issue from various sources and form an informed opinion.
- Another article by SSS Kumar who is an alumni of SVUSBM and a student of Dr M S REDDY who is my professor at Tirupati.
- Information assymetry in IPO pricing may necessitate not applying price bands on Day 1.
- Today( Oct 23,2011)'s new listing VASWANI has allegations of dummy IPO subscription.
- Related Article on Vaswani
- Always fascinating prose by Dr Ajay Shah on IPOs. He reminds me of Larry Harris of Trading & Exchanges. His articles on Indian Finance together with Dr Susan Thomas of IGIDR will be a GITA on Indian Finance & Markets. Infact Dr Susan Thomas web page contains lot of notes on Econometrics and Finance which is a feast for students of Finance and Financial econometrics.
- Another respected thinker on Indian Finance even quoted in India's Financial Markets Book.
- MoneyLife on IPO manipulation
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