A joint experimental analysis of investor behavior in IPO pricing methods

This article jointly examines the differences of laboratory versions of the Dutch clock open auction, a sealed-bid auction to represent book building, and a two-stage sealed bid auction to proxy for the “competitive IPO”, a recent innovation used in a few European equity initial public offerings. We...

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Bibliographic Details
Main Authors: Vinicio de Souza e Almeida, Ricardi Pereira Câmara Leal
Format: Article
Language:English
Published: Fundação Getulio Vargas, Escola de Administração de Empresas de São Paulo 2015-01-01
Series:RAE: Revista de Administração de Empresas
Subjects:
Online Access:https://bibliotecadigital.fgv.br/ojs/index.php/rae/article/view/44918