La sous-évaluation des titres nouvellement introduits sur le marché financier
Ossohou, Jean-Florian
Promotor(s) : Sougné, Danielle
Date of defense : 24-Jun-2020/26-Jun-2020 • Permalink : http://hdl.handle.net/2268.2/8932
Details
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 |
Date of defense : | 24-Jun-2020/26-Jun-2020 |
Advisor(s) : | Sougné, Danielle |
Committee's member(s) : | Broché, Patrick
Bonesire, Thomas |
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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