IPO Underpricing, Is It Interest(ing)? - Evaluating the impact of interest rate policy on the size of IPO underpricing
Given the recent changes in how central banks use the tools they have at hand to control inflation and money supply this study aims to evaluate the effect that interest rate policy has had on IPO underpricing. More specifically, the effect that negative interest rate policies and quantitative easing has had on the size of the underpricing premium. To test these effects, we collected IPO data from
