Building the IPO Order Book: Underpricing and Participation Limits With Costly Information
收藏NBER2000-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7786
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资源简介：
This paper examines the book building mechanism for marketing initial public offerings. We present a model where the underwriter selects a group of investors along with a pricing and allocation mechanism in a way that maximizes the information generated during the process of going public at a
提供机构：
美国国家经济研究局
创建时间：
2000-07-01
