“…Instead, the IPO firms grappled with increased IPO underpricing, suggesting a rise in information uncertainty-a sentiment echoed by Barth et al (2017). Furthermore, Dambra et al (2018) highlighted that the Act's provisions inadvertently led analysts to offer more optimistic, albeit less accurate, IPO coverage. This optimism was intricately linked to post-IPO trading volume and IPO pricing, hinting at potential conflicts of interest.…”