This is done primarily to attract buyers to the offering. By selling the shares below value, it is believed that any rational investor would be enticed. Rational investors would know that when full information about the company comes to light, the market price of the shares will move to the true, rational value point. Thus, their investment during the IPO process would virtually guarantee them a profit. An overpriced offering

Post-World War II Japan: A Nation in Transition Devastated by the Allies in World War II, Japan has emerged as one of the world's most economically and technologically advanced societies today. Some observers have suggested that the "Japanese miracle" was the result of a collusion between the government and industry to prosecute economic growth through a series of subsidies and favorable business climates, while others maintain this explosive growth was due

In suburban areas, on the other hand, the economic opportunities are diverse and the population is less dense. Here parents are motivated to educate their child and the child gets higher individual attention from the teachers than those in the urban areas where population density is very high (Broomhall and Johnson, 1994; and Hanson and Ginsburg, 1988). Since educational aspirations of parents, students and teachers differ by population density

Wearin' of the Green An Irish-American's Journey Margaret-Mary clutched her daughter's tiny hand. Watched with pride as the five-year-old waved the little Irish Flag in her other hand. It was a cold, blustery day, but then it always was on St. Patrick's Day. Yet as Margaret-Mary braved the wind and the crowds, she didn't feel the least bit cold. Never did, but especially not today. It wasn't just that today she

According to Toronto Star reporter Stephan Handelman in an article printed in 2005, the U.S. senior intelligence analysts consider China to be the greatest long-term threat to U.S. stability. China's military force and computer intelligence has reached its peak. Both the Europeans and the U.S. agree that the expansion of the Chinese military is more than "worrisome." Another article posted on November 16, 2007 by the Washington Post claims that spying

The action was successful and gave them control over the island. The victory encouraged Gillmore to order another attack, this time on Wagner. He ordered the troops to bomb by land and sea. Robert immediately sent out pickets to complement with whites in other regiments. Early on July 16, 54th companies fought with members of 10th Connecticut. A force of Confederate attacked the picket line but the 54th persisted