Published Online:January 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP130125
DOI:10.71329/IUPJARAP/2025.24.1.253-277
Author Name:Harish Kumar and Silender Singh
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:253-277
An Initial Public Offering (IPO), when a company sells its shares to the public for the first time, is a momentous event. The paper pursues a stocktake of IPO research through a bibliometric analysis by evaluating 1,614 relevant documents extracted from the Scopus database. VOSviewer, Biblioshiny and Gephi are used to analyze the data and visualize the results. The study identifies prolific authors, leading articles, institutions, countries, outlets, and themes, along with impactful keywords of IPOs over 30 years (1992-2022). The results provide a better understanding of this particular field and also a new direction for further research. The findings suggest that IPO research has grown exponentially over the years. To the best of the authors’ knowledge, this analysis is the first of its kind to present an empirical evaluation of IPOs using inclusive mapping.
The capital market is divided into primary and secondary. Primary market is where new securities, i.e., stocks and bonds, are sold to the public for the first time through Initial Public Offerings (IPOs), while the secondary market is where those securities are traded by investors.