id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ajfa-11537	Che Yahya, Norliza; Mohd Rashid, Ahmad Husni; A. Rahman, Ibrahim; Mohd Rashid, Siti Norbaya	The Impact of “Offer for Sale” by Existing Shareholders in an IPO on Initial Aftermarket Performance	2017	16	.pdf	application/pdf	6178	321	58	The results of the cross-sectional multiple regression show that the lock-up period is significantly positive in explaining IPO initial returns, but the lock-up ratio is not. The two figures indicate that collectively, all explanatory variables tested in this study are able to explain at least the 24.88 percent and 15.45 percent of the variations in IPO initial returns (offer to open price) and IPO initial return (offer to close price), accordingly.	cache/ajfa-11537.pdf	txt/ajfa-11537.txt