IPO Pricing, Investor Behavior, and IPO Underpricing of High-Tech Companies: Evidence from SSE STAR Market and Nasdaq Market

Table 8

Estimated results of FE, SE, and NE of the STAR Market.

Symbol	Mean (%)	Std (%)	Q1 (%)	Q2 (%)	Q3 (%)
SE:E(1-e-ω|θ)	20.28	11.75	11.51	16.72	25.46
FE:E(1-e^-μ|θ)	0.77	0.02	0.75	0.76	0.78
NE:SE-FE	19.51	11.77	10.73	15.95	24.71