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dc.contributor.authorMulu, Mercy Kalyali
dc.date.accessioned2016-04-04T08:45:17Z
dc.date.available2016-04-04T08:45:17Z
dc.date.issued2014-03
dc.identifier.urihttp://hdl.handle.net/11071/4381
dc.descriptionA research project submitted in partial fulfillment of the requirements for the award of Bachelor of Business Science Actuarial Scienceen_US
dc.description.abstractThis study investigates the determinants of success for IPOs in the Nairobi Securities Exchange by making a comparative analysis of under - subscribed and oversubscribed IPOs. The population of the study consisted of all initial public offers of common stock at the NSE during the period 200 l-20 ll. Six out of nine of the recent IPOs in Nairobi Stock Exchange have been highly oversubscribed while the remaining three IPOs had subscription levels of 60%, 80% and 60% respectively. In light of these subscriptions, this study investigates why some of the IPOs in Kenya were oversubscribed while others were under - subscribed, what factors were at play to contribute to these subscriptions and finally what does a firm need to do in order to have a successful IPO in the local market. This was aided by the use of questionnaires to collect data from the respondents. Non- parametric methods (Sign Test and Wilcoxon methods) were used to analyze the data obtained which led to the findings that a strong customer base, company expertise, the age of the company, access to a wide capital base, research and development in growth opportunities and business bench - marking go hand in hand with the success of the companies going public.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectPublic offersen_US
dc.subjectSubscription levelsen_US
dc.subjectNairobi Securities Exchangeen_US
dc.titleEvaluation of recent initial public offers subscription levels in the Nairobi Securities Exchangeen_US
dc.title.alternativeEvaluation of recent initial public offers subscription levels in the Nairobi Securities Exchangeen_US
dc.typeOtheren_US


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