Research Article
The Impact of IPO Underpricing on the Number of Block holders in Different Types of Company: Evidence from China
@INPROCEEDINGS{10.4108/eai.18-11-2022.2327133, author={Siyi He and Xinyi Xu}, title={The Impact of IPO Underpricing on the Number of Block holders in Different Types of Company: Evidence from China}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={ipo underpricing; block holder; china}, doi={10.4108/eai.18-11-2022.2327133} }- Siyi He
Xinyi Xu
Year: 2023
The Impact of IPO Underpricing on the Number of Block holders in Different Types of Company: Evidence from China
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2327133
Abstract
This article collected data on all companies listed in China from 2007 to 2019. It divided them into different sub-samples according to their different types, hoping to study the impact of IPO underpricing on the number of block holders. The final result shows that IPO underpricing in state-owned enterprises will increase the number of block holders, but this phenomenon does not occur in non-state-owned enterprises. At the same time, this article also found that state-owned enterprises will not lose money in the year of listing, but some non-state-owned enterprises will suffer losses. In addition, if a listed company can pass the review of the four major audits before going public, it will be easier to attract the attention of investors.