Gerard Hoberg

UMD Business Expert Available to Analyze Facebook IPO

COLLEGE PARK, Md. - Gerard Hoberg, associate professor of finance for the Robert H. Smith School of Business at the University of Maryland, is available to discuss how the anticipated Facebook IPO will affect the company and discuss the factors that would make Facebook or any IPO a good investment vehicle.

The IPO filing with the Securities and Exchange Commission would be followed by Facebook’s initial public offering in about three months.

Strategic Underwriting in Initial Public Offers

Gerard Hoberg, assistant professor of finance, is one of many academians exploring the lines between ethical and unethical conduct in the wake of the spectacular corporate scandals of recent times. In his paper, “Strategic Underwriting in Initial Public Offers,” Hoberg examines IPO underpricing, partial adjustment phenomenon and underwriter persistence. His is believed to be the first study to document that some underwriters persistently experience initial returns that are higher than others—significantly higher, in fact.

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