Competitive IPOs

Competitive IPOs

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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 th...

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Библиографические подробности
Главные авторы:	Jenkinson, T, Jones, H
Формат:	Journal article
Опубликовано:	Blackwell Publishing Ltd. 2009

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