<p style="text-align:justify;"><span style="font-size:10pt;">The Economic Role of Share Price Level in Open-Bid Auction IPOs: A Beta Regression Approach. Southwestern Finance Association (SWFA) March 25–27, </span><b><span style="font-size:10pt;">2026</span></b><span style="font-size:10pt;">, at the Hyatt Regency in Dallas, TX. (</span><b><span style="font-size:10pt;">Accepted</span></b><span style="font-size:10pt;">).</span></p>