İstanbul Menkul Kıymetler Borsasmda İlk Halka Arzların Uzun Vadeli Fiyat Performanslarının Ölçülmesi

This study aims to research the under pricing of initial public offerings in Istanbul Stock Exchange insert ignore into journalissuearticles values(ISE); in long run. The cumulative abnormal returns and relative wealth indicators have been calculated in order to test the hypothesis. The findings suggest that the investment strategies that aims to obtain abnormal returns in long run are not successful in ISE.