Working paper icon

Working paper

Competitive IPOs.

Abstract:

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 the potential for conflicts of interest. In this clinical paper we analyse an interesting innovation that has been used in recent European IPOs whereby issuers separate the preparation and distribu...

Expand abstract

Actions


Access Document


Files:

Authors


Publisher:
Oxford Finance
Series:
Financial Economics Working Papers
Publication date:
2009-01-01
Language:
English
UUID:
uuid:07d1dedd-398b-4f02-b3e9-fa570742040f
Local pid:
oai:economics.ouls.ox.ac.uk:14083
Deposit date:
2011-08-15

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP