A STUDY ON INITIAL PUBLIC OFFERINGS REGULATORY FRAMEWORK IN DIFFERENT COUNTRIES STOCK EXCHANGE


Dr. Cirappa I B, Ms. Manasa B
Department of Studies in Commerce, Davangere University, Davangere, Karnataka
Abstract
This descriptive research examines the IPO regulatory frameworks of five key countries: India (SEBI), China (CSRC), Japan (FSA), USA (SEC), and Saudi Arabia (CMA), focusing on regulatory authorities, approval processes, disclosure norms, and recent reforms. The study details SEBI's merit-disclosure hybrid with 2025 float reductions, CSRC's STAR tech waivers, FSA's Growth Market flexibility, SEC's disclosure-based S-1 efficiency, and CMA's SME fast-track. Comparative tables highlight process timelines (1-12 months), public floats (10-30%), and investor protections amid global IPO resurgence. Objectives cover regulatory bodies and frameworks; scope limits to these exchanges; limitations restrict to five countries. Findings reveal convergence toward tech accommodations, enhancing market access while addressing asymmetry.
Keywords: IPO regulatory framework, SEBI, CSRC, SEC, FSA, CMA
Journal Name :
EPRA International Journal of Multidisciplinary Research (IJMR)

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Published on : 2026-01-03

Vol : 11
Issue : 12
Month : December
Year : 2025
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