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...

תיאור מלא

מידע ביבליוגרפי
Main Authors: Jenkinson, T, Jones, H
פורמט: Journal article
שפה:English
יצא לאור: Blackwell Publishing Ltd. 2009