The economics of IPO stabilisation, syndicates and naked shorts

Stabilisation is the bidding for and purchase of securities by an underwriter immediately after an offering for the purpose of preventing or retarding a fall in price. Stabilisation is price manipulation, but regulators allow it within strict limits--notably that stabilisation may not occur above th...

Повний опис

Бібліографічні деталі
Автори: Jenkinson, T, Jones, H
Формат: Journal article
Мова:English
Опубліковано: Blackwell Publishing Ltd 2007