Working paper
Competitive IPOs.
- Abstract:
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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...
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Authors
Bibliographic Details
- Volume:
- 2009-FE-01
- Series:
- Financial Economics Working Papers
- Publication date:
- 2009-01-05
- URN:
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uuid:07d1dedd-398b-4f02-b3e9-fa570742040f
- Local pid:
- oai:economics.ouls.ox.ac.uk:14083
Item Description
- Language:
- English
Terms of use
- Copyright date:
- 2009
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