The pricing of Initial Public Offerings (IPOs) in the U.S. Lodging Industry market is the main issue of this thesis. This topic is first examined performing a valuation of three U.S. Lodging Industry IPOs: Hilton, La Quinta and Hyatt. Follows an investigation about an anomaly widely discussed in the IPO literature, known as Underpricing, which occurs when companies go public at a price significantly lower than the first-day closing price.
The pricing of Initial Public Offerings (IPOs) in the U.S. Lodging Industry market is the main issue of this thesis. This topic is first examined performing a valuation of three U.S. Lodging Industry IPOs: Hilton, La Quinta and Hyatt. Follows an investigation about an anomaly widely discussed in the IPO literature, known as Underpricing, which occurs when companies go public at a price significantly lower than the first-day closing price.
Initial Public Offering in the Lodging Industry: pricing through quantitative lens
SALOMONE, ANTONELLA
2014/2015
Abstract
The pricing of Initial Public Offerings (IPOs) in the U.S. Lodging Industry market is the main issue of this thesis. This topic is first examined performing a valuation of three U.S. Lodging Industry IPOs: Hilton, La Quinta and Hyatt. Follows an investigation about an anomaly widely discussed in the IPO literature, known as Underpricing, which occurs when companies go public at a price significantly lower than the first-day closing price.È consentito all'utente scaricare e condividere i documenti disponibili a testo pieno in UNITESI UNIPV nel rispetto della licenza Creative Commons del tipo CC BY NC ND.
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https://hdl.handle.net/20.500.14239/9020