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La sous-évaluation des titres nouvellement introduits sur le marché financier

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Ossohou, Jean-Florian ULiège
Promotor(s) : Sougné, Danielle ULiège
Date of defense : 24-Jun-2020/26-Jun-2020 • Permalink : http://hdl.handle.net/2268.2/8932
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Title : La sous-évaluation des titres nouvellement introduits sur le marché financier
Translated title : [fr] La sous-évaluation des titres nouvellement introduits sur le marché financier
Author : Ossohou, Jean-Florian ULiège
Date of defense  : 24-Jun-2020/26-Jun-2020
Advisor(s) : Sougné, Danielle ULiège
Committee's member(s) : Broché, Patrick ULiège
Bonesire, Thomas ULiège
Language : French
Number of pages : 90
Keywords : [fr] IPO
[fr] Initial Public Offering
[fr] Undervaluation
[fr] Sous-évaluation
[fr] Introduction en Bourse
Discipline(s) : Business & economic sciences > Finance
Target public : Student
General public
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Financial Analysis and Audit
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] Undervaluation is a phenomenon that can result from the determination of the price of shares offered during an IPO. Thus, the price of the shares issued is set at a lower price than what the market is willing to pay. As a result, this undervaluation leads to a high positive initial return from the first days of listing of the shares issued on the financial market. This work aims to understand the reasons for such a phenomenon through empirical studies conducted on the subject. In addition, it aims to answer the following question: "To what extent can the shares of companies going public be undervalued ? ». This work will also attempt to detect the phenomenon of undervaluation and explain its causes through a practical analysis of a number of companies listed on the regulated market Euronext Brussels.


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  • Ossohou, Jean-Florian ULiège Université de Liège > Master sc. gest., à fin.

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