… To examine the biases in the pricing of IPOs, we obtain data on all firms that went public …
Sample Selection Bias The goal of this analysis is to explain the IPO pricing process. How do …

… phenomena is given by behavioral biases such as investor overconfidence. Welch and …
of the price leaps when trading opens. The same behavioral biases that affect the IPO pricing …

… To examine the biases in the pricing of IPOs, we obtain data from the Securities Data Co.
(SDC… Sample selection bias The goal of this analysis is to explain the IPO pricing process. How …

… The first contribution is that we compare the bias, accuracy and explainability of three common
equity valuation techniques used by underwriters: multiples valuation, dividend discount …

… biased towards local IPO stocks. More specifically, we posit that the local investor demand for
stocks is shared between the local listed firms and the local IPOs… of the IPO pricing problem…

… up the price of IPO shares beyond true value, or that issuers suffer from behavioral biases
causing them to … investors and with behavioral biases among the decision-makers at IPO firms. …

… , noted a bias against founders at the time of IPO, suggesting that IPO firms … IPO process.
They also suggested including inside board members as a means for offsetting any founder bias…

… shares in the IPO. Rather, that decision is made only after the final IPO price and other details
are … bias still plays a prominent role in organizational processes. More specifically, gender …

… These biases reflect the disproportionate amount of all IPO activity occurring in the US, …
externalities generated by IPO prices, a basic understanding of the pricing process is necessary. …

… The same behavioral biases that influence the price phenomena of an IPO might also
explain the following low returns during the first few years of trading in the security. Earnings …