Working paper
IPO pricing and allocation: a survey of the views of institutional investers
- Abstract:
-
Despite the central importance of investors to all IPO theories, relatively little is known about their role in practice. In this paper we survey institutional investors about how they assess IPOs, what information they provide to the investment banking syndicate, and the factors they believe influence allocations. Although the theoretical IPO literature has tended to focus on information revelation, the survey raises doubts as to the extent of incremental information production and whether b...
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- Publication status:
- Published
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Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2006-12-01
- Paper number:
- 2006-FE-13
Item Description
- Pubs id:
-
1144134
- Local pid:
- pubs:1144134
- Deposit date:
- 2020-12-15
Terms of use
- Copyright date:
- 2006
- Rights statement:
- Copyright 2006 The Author(s)
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