Browsing Theses and Dissertations by Author "Stephen, Mbithi"
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The relationship between the fundamental Values and the issue prices of initial public Offers at the Nairobi securities exchange
Stephen, Mbithi (University of Nairobi, 2013)It is often recommended that the issue price of an IPO be equal to the fundamental value because this is the optimum price for all the parties involved in the IPO process including the underwriters and investors. However, ...