The factors that investment bankers take into account when pricing IPO firms are examined.Following a review of the literature on investment bankers and the initial public offering process, it is hypothesized that larger, older firms with sizable, prestigious boards, pre-IPO profitability, and...

Building on research from multiple fields, management and entrepreneurship scholars have shown increasing interest in the causes and consequences of initial public offerings (IPOs). We summarize this emerging literature and categorize research on IPOs into four broad themes: corporate...