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    • Underpricing, Tie-Ins, and the IPO Bubble: Some Empirical Evidence 

      Hull, Robert M.; Kerchner, Robert; Kwak, Sungkyu; Walker, Rosemary
      We analyze underpricing in the United States surrounding the time of the collapse of the IPO market in the last quarter of 2000. During this quarter, the press gave insider accounts about how profits (from extreme underpricing) ...