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 initial public offering (IPO) markets associated with the diffusion of U.S. underwriting methods in the 1990s. Bookbuilding is becoming increasingly popular outside the United States and typically costs twice as much as a fixed‐price off...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
2003
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