Competitive IPOs

Competition between investment banks for lead underwriter mandates in IPOs is fierce, but having committed to a particular bank, the power of the issuer is greatly reduced. Although information revelation theories justify giving the underwriters influence over pricing and allocation, this creates t...

وصف كامل

التفاصيل البيبلوغرافية
المؤلفون الرئيسيون: Jenkinson, T, Jones, H
التنسيق: Journal article
اللغة:English
منشور في: Blackwell Publishing Ltd. 2009