Mól, Anderson Luiz RezendeReis, Laiz Amadeu2019-12-122021-09-202019-12-122021-09-202019-11-27REIS, Laiz Amadeu. Subprecificação em ofertas públicas iniciais: evidências para o mercado brasileiro entre 2014 e 2019. 2019. 28f. Trabalho de Conclusão de Curso (Graduação em Administração) - Departamento de Ciências Administrativas, Universidade Federal do Rio Grande do Norte, Natal, 2019.https://repositorio.ufrn.br/handle/123456789/35614The present work has as main objective to highlight the occurrence of underpricing in initial public offerings in the Brazilian stock market. This study is necessary, above all, for the scarce production on the subject in more recent investigations. For methods, the Adjusted Closing and the Adjusted Return to Market calculation were used to measure the abnormal return of the assets under analysis, which was calculated for short (end of first trading day) and long terms ( t-th day, when the volume of shares traded equals the volume of shares offered), setting up an event study. The sample comprised a total of 15 companies, with the time frame from January 2014 to April 2019. In addition, an observation was made by sector of the economy, based on the stratification of the sample by market segment, seeking a pattern that explains the evidence. From this, we observed the evidence of underpricing in the Brazilian market recurrence of the short-term and long-term underpricing event, and also the tendency to incur the phenomenon by companies that have a high level of low liquidity assets and whose activity is related to the concession of exploration.Attribution-NonCommercial-NoDerivs 3.0 Brazilhttp://creativecommons.org/licenses/by-nc-nd/3.0/br/IPOOferta Pública InicialSubprecificaçãoUnderpricingMercado de Ações BrasileirobachelorThesis