Assignment Instruction | My Assignment Tutor

1AFIN8008 Assignment Instruction S1 20211. Due dateThe due date of this assignment is 23:59 Thursday 13 May 2021.The assignment must be submitted via Turnitin and the submission instruction will be available oniLearn in Week 9.No extensions will be granted. There will be a deduction of 10% of the total available marks made fromthe total awarded mark for each 24-hour period or part thereof that the submission is late (for example,25 hours late in submission – 20% penalty). This penalty does not apply for cases in which anapplication for special consideration is made and approved. No submission will be accepted aftersolutions have been posted.2. Assignment tasksIPOIn topic 6, you have learnt the process of raising equity through an Initial Public Offering (IPO), theassociated challenge of determining the offer price, the role of the underwriters, the costs of the IPOand performance after the IPO is completed.You are required to choose five Australian IPOs completed in 2019 (note not to choose an IPO inMining industry or listed funds) on the Australian Securities Exchange and evaluate the performanceof the IPOs including:1) Evaluate whether the IPOs have been under-priced. Is the level of under-pricing on averageconsistent with that documented in research literature? Comment on the possible reasons thathave caused the under-pricing/over-pricing/fair-pricing of the IPOs. You should clearly explainyour measurement and calculation in Data and Methodology section.2) Evaluate the post-IPO price performance. Is the post-IPO performance on average consistentwith that documented in research literature? Comment on the factors that may explain theunder-performance/out-performance. You should clearly explain the time horizon, themeasurements and the benchmark of your evaluation in Data and Methodology section.3. Formatting requirementsa) Word limit: 1500 words including charts and tables and excluding reference list. Marks will bededucted if your answers exceed the word limit by more than 20%. The penalty will be 10 marks (outof 100) for each 300 words exceeding the word limit or part thereof. For example, 1801/1199 wordswill result in 10 marks penalty.2b) Structure: your submission should be structured as a standard research essay which includesintroduction, a brief literature review, a description of data and methodology, a section displaying andcritiquing the results and a conclusion section.c) References: ensure you use correct and consistent citation and referencing. Seek credible informationsources. Data resources must be appropriately acknowledged (in-text or in footnotes). Citations and thereference list must be prepared following Harvard style referencing.c) Make sure to edit your essay before submitting. The font, size, alignment, line space must beconsistent throughout. Do not fill the answers with pages of past financials. Avoid re-writing great slabsof information from the source documents. You should analyse the information from your research.4. Marking criteriaThis assignment will be marked out of 100 marks and scaled to be out of 25 marks of course total. Themarking rubric is upload on iLearn as a separate document.35. Data resourcesRecent IPO listYou can find a list of IPOs on ASX by years on Choose SCORCARDS and select ayear from the dropdown list. The following link directs you to the list of 2017 floats. prices and company financials• Morningstar DataAnalysis Premium is accessible through the Macquarie Uni Library websiteor through the link• Yahoo Finance –• ASX Company Information – (including announcements) papersYou are expected to use published references so you will find Google Scholar or ProQuest Central veryhelpful. Search them in MQ library multi-search for subscribed accesses.Other useful information (not an exhaustive list)• International Monetary Fund – country outlook• Reserve Bank of Australia (RBA) publications re: economy• IBISWorld Industry Reports• RBA Interest rate statistics


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