Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE
A research report submitted in partial fulfilment of the requirements for award of the Degree of Master of Science ( Accounting & Finance) of Mzumbe University.
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | أطروحة |
| اللغة: | الإنجليزية |
| منشور في: |
Mzumbe University
2024
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://scholar.mzumbe.ac.tz/handle/123456789/1458 |
| الوسوم: |
إضافة وسم
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| _version_ | 1820347762883952640 |
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| author | Pulkeria, Pascoe, |
| author_facet | Pulkeria, Pascoe, |
| author_sort | Pulkeria, Pascoe, |
| collection | DSpace |
| description | A research report submitted in partial fulfilment of the requirements for award of the Degree of Master of Science ( Accounting & Finance) of Mzumbe University. |
| format | Thesis |
| id | oai:41.59.85.69:123456789-1458 |
| institution | Mzumbe University |
| language | English |
| publishDate | 2024 |
| publisher | Mzumbe University |
| record_format | dspace |
| spelling | oai:41.59.85.69:123456789-14582024-10-22T09:26:10Z Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE Pulkeria, Pascoe, Initial Public Offering Financial Markets Capital Market A research report submitted in partial fulfilment of the requirements for award of the Degree of Master of Science ( Accounting & Finance) of Mzumbe University. When the company needs to raise more capital or to provide liquidity to the existing shareholders, it may decide to issue shares or go to public with an initial public offering (IPO). IPOs appear to be a good investment opportunity but risks do exist. In active markets, the information on IPO announcement and selling can be used as a reliable indicator to predict the trading trend in the subsequent week. Since going public is believed to improve share market performance then, there is a need to establish the relationship between IPO and share price. The research is based on assessing the effects of IPO on share price of companies listed at Dar es Salaam Stock Exchange (DSE) using DSE All Share Index (DSEI). The theoretical and empirical research was performed in order to widen researcher’s knowledge on the study. The research assessed the effects of IPO (announcement and selling) on five listed companies that went public between 2008 and 2013 through the dependent variable; share price. The research based on secondary data and the main source of data was the DSE. The population of the study comprised all companies listed at DSE under MMIS category. DSEI details were extracted from the detailed daily market reports issued by DSE. The websites of the judgmentally sampled companies were visited and available annual reports and prospectuses were downloaded from them. Using the Linear and ARIMA regression models in STATA 11.2; a researcher was able to find out that IPO announcement and IPO selling have no significant effects to the share price based on the sample used. The results also revealed interesting results that previous share prices do affect the current share price of a company. Since DSE is a small and inactive market; the results suggest that policies to grow stock markets are important through encouragement of new listings and the need for establishing a regional stock market is inevitable in order to allow member states to benefit from economies of scale. Also responsible authorities are advised to consider policies to increase the amount of shares available for sale in the exchange without affecting the demand for the same shares. Private 2024-10-16T08:25:46Z 2024-10-16T08:25:46Z 2014 Thesis APA https://scholar.mzumbe.ac.tz/handle/123456789/1458 en application/pdf Mzumbe University |
| spellingShingle | Initial Public Offering Financial Markets Capital Market Pulkeria, Pascoe, Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title | Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title_full | Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title_fullStr | Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title_full_unstemmed | Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title_short | Effects of Initial Public Offering (IPO) on share price: The case of companies listed at DSE |
| title_sort | effects of initial public offering ipo on share price the case of companies listed at dse |
| topic | Initial Public Offering Financial Markets Capital Market |
| url | https://scholar.mzumbe.ac.tz/handle/123456789/1458 |
| work_keys_str_mv | AT pulkeriapascoe effectsofinitialpublicofferingipoonsharepricethecaseofcompanieslistedatdse |