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...
| Auteurs principaux: | , |
|---|---|
| Format: | Journal article |
| Publié: |
Blackwell Publishing Ltd.
2009
|