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Journal article

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 distributi...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted Manuscript

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Publisher copy:
10.1111/j.1468-036X.2009.00482.x

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Institution:
University of Oxford
Department:
Saïd Business School
Role:
Author
More by this author
Institution:
University of Oxford
Department:
Saïd Business School
Role:
Author
Publisher:
Blackwell Publishing Ltd. Publisher's website
Journal:
European Financial Management Journal website
Volume:
15
Issue:
4
Pages:
733-756
Publication date:
2009-09-05
DOI:
EISSN:
1468-036X
URN:
uuid:f6a48129-dd6a-4785-97e8-317b8a3fac28
Source identifiers:
1945
Local pid:
daisy:1945

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