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Prof. Jay R. Ritter University of Florida November 2012

PowerPoint slides of Average First-day Returns and Volume, by Year, for Hong Kong, Germany, Italy, Japan, Korea, the UK, the US, China, Singapore, France, Sweden, Australia, and Canada. Prof. Jay R. Ritter University of Florida November 2012.

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Prof. Jay R. Ritter University of Florida November 2012

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  1. PowerPoint slides of Average First-day Returns and Volume, by Year, for Hong Kong, Germany, Italy, Japan, Korea, the UK, the US, China, Singapore, France, Sweden, Australia, and Canada Prof. Jay R. Ritter University of Florida November 2012

  2. Number of Offerings and Average First-day Returns on Hong Kong IPOs, 1980-Oct. 2011

  3. Number of Offerings and Average Initial Returns on Korean IPOs, 1980-Oct. 2011

  4. Number of Offerings and Average First-Day Returns on German IPOs, 1980-2011

  5. Number of Offerings and Average First-day Returns on Japanese IPOs, 1980-2011

  6. Number of Offerings and Average First-day Returns on Italian IPOs, 1980-2011 Source: Silvio Vismara and others; returns for 1980-1984 are missing

  7. Number of Offerings and Average First-day Returns on UK IPOs, 1980-Oct. 2011 Average First-day Returns Number f IPOs

  8. Number of Offerings and Average First-day Returns on US IPOs, 1980-2011

  9. Number of Offerings and Average First-day Returns on Chinese IPOs, 1990-2010

  10. Number of Offerings and Average First-day Returns on French IPOs, 1983-2011

  11. Number of Offerings and Average First-day Returns on Singaporean IPOs, 1980-2011

  12. Number of Offerings and Average First-day Returns on Swedish IPOs, 1983-2011

  13. Number of Offerings (bars) and First-day Returns on Australian IPOs, 1990-2011

  14. Number of Offerings and Average First-day Returns on Canadian IPOs (excluding TSX Venture Exchange), 1980-2010

  15. 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.htmData for Korea comes from Dhatt, Kim & Lim; Choi & Heo; Ng; Cho; and Sung Wook JohData for Italy provided by Arosio, Giudici & Paleari; Cassia, Paleiri, & Redondi; and Silvio VismaraData for the UK provided by Elroy Dimson; Mario Levis; and Silvio Vismara. See the Chambers-Dimson article in the 2009 Journal of Finance for an even longer time-series of British IPO numbers.Data for Germany comes from Ljungqvist; Rocholl; Dealogic; and VismaraData for the US comes from Dealogic and Thomson Financial’s new issues databasesData for Australia comes from Li-Anne Woo, Peter Pham, Dealogic, and other sources, and includes penny stocksData for Canada comes from Kryzanowski, Lazrak, and Rakita; Dealogic, and other sourcesData for China comes from Chunxin Jia and Donghang ZhangData for Hong Kong comes from Dawson; Fung, Gul, and Radhakrishnana; and DealogicIn 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).

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