Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China

Di Wu; Xiaoke Cheng; Kam C. Chan; Shenghao Gao

doi:10.1016/j.finmar.2024.100936

Journal of Financial Markets Vol. 72 2025

Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China

Di Wu ¹; Xiaoke Cheng²; Kam C. Chan³; Shenghao Gao⁴

¹ Capital University of Economics and Business · ² Beijing Jiaotong University · ³ Shanghai Business School · ⁴ Southwestern University of Finance and Economics

open access

DOI: 10.1016/j.finmar.2024.100936
Volume: 72
Pages: 100936
Language: en
Sources: crossref openalex

Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China

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