Abstract:

this study was used in the real public offerings ariseed during the period from january 2008 to july 2013 in exchange istanbul and the concept of underpricing in the mentioned initial public offerings were identified as a result of analysis which was conducted by using a new dataset covered in the current public offerings of 61 companies during the search period firstly pushed fund that fair value estimations of intermediary institutions were statistically different from the real market values secondly pushed fund that first trade wasps underpricing in 830 public offerings in the real market values in secondly pushed fund that was fund was funded under the concept of 830