Cheers ric,I came across this,
An Analysis Of Accounting-Based Valuation Models Using Australian Initial Public Offerings,
By B Lachlan Tuite
http://www.philiplee.id.au/research/LachlanTuiteBComHons.pdf
An excerpt,
The results generally indicated that both models listed above have empirical validity in explaining IPO price-both offer and first day price.
I was planning to setup my new printer today,I think I'll be doing some reading instead.
Raider
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