Which one of the following statements related to IPO underpricing is correct?
A) The IPOs of larger-sized firms tend to be more underpriced than the IPOs of smaller-sized firms.
B) The only period in Australia when underpricing produced first-day returns of 50 per cent or more was during the tech bubble of 1999-2000.
C) Some of the greatest IPO underpricing has occurred in China.
D) The percentage of underpricing remains stable over time in Australia.
E) IPO underpricing is limited to the Australian market.
Correct Answer:
Verified
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