Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/63933
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dc.contributor.authorHow, Hee Teck
dc.contributor.authorNg, Ngee Cheng
dc.contributor.authorPoh, Lee Lee
dc.date.accessioned2015-05-20T06:40:56Z
dc.date.available2015-05-20T06:40:56Z
dc.date.copyright1994en_US
dc.date.issued1994
dc.identifier.urihttp://hdl.handle.net/10356/63933
dc.description.abstractThis report presents the empirical findings on the efficacy of the dual-tranche system of share flotation and/or the newly introduced "when-issued" market in increasing the proceed from new issues, reducing underpricing and improving market efficiency in Singapore. Results showed that issuers indeed raised reasonably more money on a per share basis and underpricing was reduced in the tender tranche as a consequence. Tests for market efficiency indicated that the weighted-bids does not provide significant insight into an issue's probable short-run equilibrium price while "when-issued" trading has helped to improve market efficiency.en_US
dc.format.extent56 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Business::Financeen_US
dc.titleThe tender system - reduces underpricing and increases market efficiencyen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorKwok Chi Hing, Bransonen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeBUSINESSen_US
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Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)
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