PowerPoint slides of Average Firstday Returns and 平均首日回报的PowerPoint幻灯片和.pptVIP

PowerPoint slides of Average First-day Returns and Volume, by Year, for Germany, Italy, Japan, the US, Singapore, and Sweden through 2011 Prof. Jay R. Ritter University of Florida November 2012 Number of Offerings and Average First-Day Returns on German IPOs, 1980-2011 Number of Offerings and Average First-day Returns on Japanese IPOs, 1980-2011 Number of Offerings and Average First-day Returns on Italian IPOs, 1980-2011 Source: Silvio Vismara and others; returns for 1980-1984 are missing Number of Offerings and Average First-day Returns on US IPOs, 1980-2011 Number of Offerings and Average First-day Returns on Singaporean IPOs, 1980-2011 Number of Offerings and Average First-day Returns on Swedish IPOs, 1983-2011 Data for Japan comes from Fukuda; Dawson Hiraki; Hebner Hiraki; Pettway Kaneko; Hamao, Packer Ritter; and http://www.fbc.keio.ac.jp/~kaneko/KP-JIPO/top.htm Data for Italy provided by Arosio, Giudici Paleari; Cassia, Paleiri, Redondi; and Silvio VismaraData for Germany comes from Ljungqvist; Rocholl; Dealogic; and VismaraData for Singapore comes from Lee, Taylor, Walter; Dawson, and DealogicData for Sweden comes from Adri de Ridder and othersData for the US comes from Dealogic and Thomson Financial’s new issues databasesIn general, the number of IPOs excludes closed-end funds, unit trusts, and REITs. Penny stocks are excluded for the U.S., as are ADRs. The counts normally include companies going public in that country, rather than companies from that country going public (this matters if a German company goes public in London). * * * * * * * * * * * * * * * * * *