Regulatory Intervention as An Explanation for the Initial Public Offer Premiums of Firms Listed on The Main and Second Board of The Kuala Lumpur Stock Exchange

Abstract

Documented research findings on the performance of Initial Public Offers (IPOS) in emerging and sloped markets do support the notion that new issues are systematically under priced in these markets. the degree of under pricing is more profound in emerging or developing markets presumably to higher issuing risk (refer to Table 1). to higher issuing risk (refer to Table 1)