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Initial public offerings in China: Underpricing, statistics and developing literature

Azevedo, Alcino; Guney, Yilmaz; Leng, Jingsi


Alcino Azevedo

Jingsi Leng


We review more than two decades of literature on initial public offerings (IPOs) in China, discussing the research hypotheses that have been studied as well as the main findings. We summarize past and current developments in the literature and highlight the research problems which have not yet been adequately resolved. We provide updated information on the popularity of IPOs and allocation mechanisms over the last 25 years as well as on the underpricing that is associated with the usage of each IPO allocation mechanism. We also suggest new avenues for future research, based on the identified gaps in the extant literature.

Journal Article Type Review
Publication Date Dec 1, 2018
Journal Research in International Business and Finance
Print ISSN 0275-5319
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 46
Pages 387-398
Institution Citation Azevedo, A., Guney, Y., & Leng, J. (2018). Initial public offerings in China: Underpricing, statistics and developing literature. Research in international business and finance, 46, 387-398. doi:10.1016/j.ribaf.2018.04.011
Keywords Business, Management and Accounting (miscellaneous); Finance
Publisher URL
Copyright Statement © 2019. This manuscript version is made available under the CC-BY-NC-ND 4.0 license