Cornelli, Francesca (contributor); … - 2004 - [Elektronische Ressource]
Germany’s grey market. L¨offler, Panther, and
Theissen (2002) document that grey market prices are unbiased estimates of first … shares are traded in grey markets varies from country to country. For instance, in
Germany and Italy most IPOs trade in the … grey market while in France or Sweden very few
do. (As we will see, outside Germany and Italy, grey market trading is more …