Why are European IPOs so rarely priced outside the indicative price range?
Unlike in the U.S., the initial price range for European IPOs is seldom revised, although issues are often priced at the upper bound. We develop a model that explains this seemingly inefficient pricing behavior. As in Europe, but not in the U.S., underwriters in the model obtain information from inv...
Main Authors: | Jenkinson, T, Morrison, A, Wilhelm, W |
---|---|
Format: | Journal article |
Published: |
2006
|
Similar Items
-
Why Are European IPOs So Rarely Priced Outside the Indicative Price Range?
by: Jenkinson, T, et al.
Published: (2006) -
IPO pricing in Singapore.
by: Goh, Li Yin., et al.
Published: (2008) -
Why are prices so rigid?
by: Mork, Knut Anton.
Published: (2006) -
IPO pricing and allocation: a survey of the views of institutional investers
by: Jenkinson, T, et al.
Published: (2006) -
IPO pricing and allocation: a survey of the views of institutional investors.
by: Jenkinson, T, et al.
Published: (2009)