IPO pricing and allocation: a survey of the views of institutional investors.
Despite the central importance of investors to all initial public offering (IPO) theories, relatively little is known about their role in practice. This article is based on a survey of how institutional investors assess IPOs, what information they provide to the investment banking syndicate, and the factors they believe influence allocations. We find that investor characteristics, in particular brokerage relationships with the bookrunner, are perceived to be the most important factors influen...Expand abstract
- Publication status:
- Peer review status:
- Peer reviewed
- Publisher copy:
- Copyright holder:
- Tim Jenkinson and Howard Jones
- Copyright date:
- © Tim Jenkinson and Howard Jones 2008. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved.
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