Graduation Year

Fall 2011

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Gregory Hess

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This paper looks at the drivers of monthly IPO volume. Different factors have impacted IPO volume in successive time periods since 1960. By using monthly data, there are sufficient data points to draw conclusions about some of the main factors that have continuously had an effect on IPO volume, as well as some variables that have shifted in importance. This paper shows that trailing monthly S&P returns are a potential predictor of future IPO volume, and emphasizes the seasonal boost found at the end of the calendar year. *page numbers do not line up with removed copyright images.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.