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 th...
| Những tác giả chính: | , |
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| Định dạng: | Journal article |
| Được phát hành: |
Blackwell Publishing Ltd.
2009
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