NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Is IPO Underperformance a Peso Problem?

Andrew Ang, Li Gu, Yael V. Hochberg

NBER Working Paper No. 12203
Issued in May 2006

---- Acknowledgements -----

We thank Kodjo Apedjinou, Geert Bekaert, Alon Brav, Liz Demers, Michelle Lowry, Stephan Siegel, and seminar participants at Columbia University and the Western Finance Association Annual Meetings for helpful comments. Ang: Columbia Business School, 3022 Broadway, 805 Uris, New York NY 10027; ph: (212) 854-9154; fax: (212) 662-8474; email: aa610@columbia.edu; WWW: http://www.columbia. edu/~aa610. Gu: Graduate School of Business 403A, Fordham University, 113 West 60th St, New York NY 10023; email: lgu@fordham.edu. Hochberg: Kellogg School of Management, Northwestern University, 2001 Sheridan Road, Chicago IL 60208-2001, ph: (847) 467-4574; fax: (847) 491-5719; email: y-hochberg@kellogg.northwestern.edu; WWW: http://www.kellogg.northwestern.edu/faculty/hochberg/htm.

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