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Market Segmentation and IPO-Underpricing: The German Experience

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<strong>Market</strong> <strong>Segmentation</strong> <strong>and</strong> <strong>IPO</strong>-<strong>Underpricing</strong>: <strong>The</strong> <strong>German</strong> <strong>Experience</strong><br />

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Securities Prospectus Act (Wertpapierverkaufsprospektgesetz); in: Krause, Hartmut, <strong>German</strong><br />

Securities Regulation, Verlag C.H. Beck, München, 2001<br />

Securities Prospectus Regulation (Verkaufsprospektverordnung); in: Krause, Hartmut, Ger-<br />

man Securities Regulation, Verlag C.H. Beck, München, 2001<br />

Stock Exchange Act (Börsengesetz); in: Krause, Hartmut, <strong>German</strong> Securities Regulation, Ver-<br />

lag C.H. Beck, München, 2001<br />

Stock Exchange Admission Regulation (Börsenzulassungsverordnung); in: Krause, Hartmut,<br />

<strong>German</strong> Securities Regulation, Verlag C.H. Beck, München, 2001<br />

Tinic, Seha M.; Anatomy of initial public offerings of common stock; in: Journal of Finance,<br />

Vol. 43, 1988, p. 789-822<br />

Uhlir, Helmut; Der Gang an die Börse und das <strong>Underpricing</strong>-Phänomen; in: ZBB Nr. 1, 1989,<br />

p. 2-16<br />

Wasserfallen, W. , Wittleder C.; Pricing initial public offerings: further evidence from Ger-<br />

many; in: European Economic Review, Vol. 38, 1994, p. 1505-1517<br />

Welch, Ivo; Seasoned offerings, imitation cost <strong>and</strong> the underpricing of Initial Public Offer-<br />

ings; in: <strong>The</strong> Journal of Finance, Vol. 44, No.2, 1989, p. 421-449<br />

Adrian Hunger Page 35

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