Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22505 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
Diskussionsbeiträge - Bank- und Finanzwirtschaftliche Forschung (BAFIFO) No. 30
Verlag: 
Otto-Friedrich-Universität Bamberg, Lehrstuhl für Betriebswirtschaftslehre, insbesondere Finanzwirtschaft, Bamberg
Zusammenfassung: 
The overallotment or greenshoe option has become very popular in the German IPO market since its introduction in 1995 and is nowadays an important tool to stabilize IPOs or to issue additional shares in the case of excess demand. Besides providing evidence for the prevalence of price support activities by the underwriter we show that the greenshoe option which seems to be used to support overpriced offerings in the secondary market is not very effective in propping up aftermarket prices. Additionally, the market seems to decide quite early which firms are ?losers? and which are ?winners? in terms of stock market performance.
Schlagwörter: 
Initial Public Offerings (IPO)
Price Support
Overallotment Option
JEL: 
G12
G10
G32
G24
Dokumentart: 
Working Paper

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