Uniform price auctions and fixed price offerings in IPOs: an experimental comparison
Has this study been replicated?
The atlas records 1 replication of this study. Recorded outcomes: 1 failed.
Replications
- SCORE new data replication of Zhang (2009), Fong et al. (2026). Outcome recorded: failed.
The main result from the target paper was not successfully replicated, and the observed marketprices (roughly 1.96) were substantially lower than the market value (expected valueof 2.5).
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