Research Article
The Pricing of Portuguese Privatisation Second Initial Public Offerings
Table 1
Portuguese IPO research.
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This table summarizes the results of Portuguese IPO research. IPO stands for initial public offers. PIPO means initial public offers which are privatizations. CAR are cumulative abnormal returns, with the market proxied by the benchmark index. WR means wealth relatives. EW means equal weights for each security and VW weights given by the initial prices of the shares offered in IPO. |