Examinando por Materia "Precio de reversión"

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    Ofertas públicas de adquisición y reacción de precios en Suramérica
    (Universidad EAFIT, 2022) Bustamante Peláez, Juan David; Sánchez Sepúlveda, Daniel Alejandro; Restrepo Tobón, Diego Alexander
    In the present investigation the behavior of stock prices involved in an Initial Public Offering in the Colombian, Chilean and Peruvian markets is analyzed. For this, a quantitative analysis to determine the impact of the IPO announcement was made. The information of the transactions of the three markets in the last ten years was collected and a database was built with the most relevant information. Subsequently, the time series with the prices of the stock 6 months before and after the IPO announcement was designed. Finally, based on the gathered information, the control premium and the reversion rate of said prices were determined. The results indicate that the average price increases significantly in anticipation and after the announcement to later return to levels close to the observed pre-IPO to the announcement.