Why don’t U.S. issuers demand European fees for IPOs?
We compare the fees charged by investment banks for conducting IPOs in the U.S. and Europe. In recent years the “7% solution”, as documented by Chen and Ritter (2000), has become even more prevalent in the U.S., and is now the norm for IPOs raising up to $250m. The same banks dominate both markets b...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Oxford Finance
2010
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