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Statistical methods for assessing the fairness of the allocation of shares in initial public offerings
Author(s) -
Joseph L. Gastwirth,
Efstathia Bura,
Reza Modarres
Publication year - 2005
Publication title -
law probability and risk
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 14
eISSN - 1470-840X
pISSN - 1470-8396
DOI - 10.1093/lpr/mgi012
Subject(s) - initial public offering , business , investment (military) , the internet , market share , metric (unit) , marketing , industrial organization , finance , computer science , politics , world wide web , political science , law
In the late 1990s the stocks of technology companies, especially those involved with the Internet, were highly profitable. Customers of investment firms requested many more shares of new issues or initial public offerings (IPOs) than were available. Some customers allegedly made questionable arrangements with brokers for favourable treatment. This article describes statistical measures for assessi...

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