Allocations, Adverse Selection and Cascades in Ipos: Evidence from the Tel Aviv Stock Exchange

By Y. Amihud, Shmuel Hauser, Amir Kirsh. 2003

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An empirical examination of IPO underpricing in the Chinese A-share market (2006, background): “3 Ex ante Uncertainty and Manager’s Strategic Underpricing Model 1 of table 6 presents the regression results for equation (4).”
Market Watch: Information and Availability Cascades Among the Media and Investors in the U.S. IPO Market (2008, background): “Finance scholars have long recognized that the IPO context is conducive to information cascades (e.g., Amihud et al., 2003; Welch, 1992) because investors must make trading decisions about stocks that have not been publicly traded and do not have a history of price change they can rely on to…”