Modeling IPO In Dubai Stock Market: Booming Or Tumbling Return? | Zendy

Viviane Y. Naïmy | Zendy

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Modeling IPO In Dubai Stock Market: Booming Or Tumbling Return?

Author(s) -

Viviane Y. Naïmy

Publication year - 2011

Publication title -

international business and economics research journal (iber)

Language(s) - English

Resource type - Journals

eISSN - 2157-9393

pISSN - 1535-0754

DOI - 10.19030/iber.v6i5.3370

Subject(s) - initial public offering , stock market , business , irrational number , financial economics , stock (firearms) , abnormal return , financial system , monetary economics , economics , stock exchange , finance , engineering , mathematics , geography , mechanical engineering , context (archaeology) , geometry , archaeology

This paper examines the impact of IPO on Dubai Stock Market. We measured through detailed distribution analysis and hypothesis testing the Dubai markets reaction to IPO. We demonstrated that IPO had downbeat impact on Dubai market performance in terms of return as revealed by the rejection of the alternative hypothesis. The independency between market return and IPO was partially attributed to irrational valuations at the time of IPO.

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