Chen, Hsuan-Chi; Shu, Pei-Gi; Chiang, Sue-Jane - In: Journal of International Financial Markets, … 21 (2011) 1, pp. 28-48
As bookbuilding is less costly in terms of underpricing and has become the dominant underwriting method in initial public offerings (IPOs) (see Sherman, 2005), we examine whether the pattern still holds in seasoned equity offerings (SEOs) and find that only 15% (93 out of 610 sample firms) of...
