Journal article icon

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...

Expand abstract
Publication status:
Published
Peer review status:
Peer reviewed

Actions


Access Document


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

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Said Business School
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Said 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:
2009-09-01
DOI:
EISSN:
1468-036X
Source identifiers:
1945
Keywords:
UUID:
uuid:f6a48129-dd6a-4785-97e8-317b8a3fac28
Local pid:
daisy:1945
Deposit date:
2012-08-07

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