The underpricing of initial public offerings (IPOs) are anomalies well
documented by numerous empirical studies. The aim of this thesis is to examine
whether or not a variety of different proxies employed under the asymmetric
information theory particularly the Winner's Curse and Signaling models influence
underpricing in the Malaysian market. The study used a sample of 125 the Malaysian
IPOs in the period between 2005 to 2009