Global integration in primary equity markets: the role of U.S. banks and U.S. investors

We examine the costs and benefits of the global integration of IPO markets associated with the diffusion of U.S. underwriting methods in the 1990s. Bookbuilding is becoming increasingly popular outside the U.S. and typically costs twice as much as a fixed-price offer. However, on its own bookbuildin...

Deskribapen osoa

Xehetasun bibliografikoak
Egile Nagusiak: Jenkinson, T, Ljungqvist, A, Wilhelm, W
Formatua: Book section
Argitaratua: Edward Elgar Publishing 2005