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Underpricing In The Fintech Industry Compared To Non-Fintech Ipos, Kelsey A. Goss
Underpricing In The Fintech Industry Compared To Non-Fintech Ipos, Kelsey A. Goss
Honors Undergraduate Theses
In this thesis, I investigate the amount of underpricing in FinTech companies compared to non-FinTech companies. Both data sets contain thirty companies spanning from 1993 to 2018. Each FinTech company is matched to a non-FinTech company by year and comparatively similar revenue. Prior research explores underpricing on different industries, but it hasn’t yet explored underpricing in the FinTech segment. The variables considered in this paper are offer price, close price, shares offered, number of banks involved, fees per share, and money left on the table. I find some evidence that the average amount of underpricing in both dollars and by …