Research Article
The Pricing of Portuguese Privatisation Second Initial Public Offerings
Table 2
Initial returns.
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This table reports the fifteen privatization second initial public offerings (PSIPO) statistics. Asterisks show statistical significance: *** shows difference from zero with a 1% significance, and ** shows difference from zero for a 5% significance level. Equally weightedshows means computed with equal weights; value-weighted shows means weighted by the value of the initial privatization offer. |