SEBI released trading controls for Listing day IPO price fluctuations.
- I have earlier commented on IPO Listing day volatility.
- SEBI has responded with lot of sensible measures to tame down the Volatility .
- The detailed sebi circulars relating to this.
- A good paper on Call auctions by a respected financial economist Dr Susan Thomas
- Whether this affects price discovery, liquidity and Broker funding for IPOs remains to be seen.
- Research paper on IPO Volatility. The abstract seems interesting at Indian Journal of Finance
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