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16 December 2025

CEPS' Demir, Ghofrani,Liu: Attracting new listings: what shapes IPO activity across markets

This paper examines the factors associated with IPO activity across 79 global stock exchanges from 2002 to 2024, offering an analysis of both advanced and emerging and developing economies. Using panel regressions with high-dimensional fixed effects and a wide range of market and macro-financial...

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