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IPO pricing mechanisms in the presence of when-issued markets
Pichler, Pegaret; Stomper, Alex - In: The quarterly journal of finance 4 (2014) 3, pp. 1-31
Persistent link: https://www.econbiz.de/10010473487
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IPO Pricing with Bookbuilding and a When-Issued Market
Stomper, Alex; Aussenegg, Wolfgang; Pichler, Pegaret - 2004
This paper examines the German IPO pricing process which combines bookbuilding with a liquid pre-IPO when-issued market … bookbuilding provides information for IPO pricing, beyond the information that is required to set preliminary price ranges. Once …, the evidence suggests that such trading does not fully supplant information gathering through bookbuilding. …
Persistent link: https://www.econbiz.de/10011324885
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The strategic reallocation of IPO shares
Bertoni, Fabio; Giudici, Giancarlo - In: Journal of banking & finance 39 (2014), pp. 211-222
Persistent link: https://www.econbiz.de/10010340741
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Market volatility and IPO filing activity
Busaba, Walid Y.; Li, Yun; Yang, Guorong - In: The quarterly journal of finance 5 (2015) 4, pp. 1-46
Persistent link: https://www.econbiz.de/10011414132
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IPO pricing with bookbuilding and a when-issued market
Stomper, Alex; Aussenegg, Wolfgang; Pichler, Pegaret - 2004
This paper examines the German IPO pricing process which combines bookbuilding with a liquid pre-IPO when-issued market … bookbuilding provides information for IPO pricing, beyond the information that is required to set preliminary price ranges. Once …, the evidence suggests that such trading does not fully supplant information gathering through bookbuilding. …
Persistent link: https://www.econbiz.de/10011599065
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Primary market design : direct mechanisms and markets
Stomper, Alex; Pichler, Pegaret - 2004
We develop a model that allows for the coexistence of bookbuilding and when-issued trading. We show that, due to …-issued trading may interfere with information gathering thorough bookbuilding, in the case that informative bookbuilding is not … needed. However, informative bookbuilding may be a prerequisite for the when-issued market to function. In this case the …
Persistent link: https://www.econbiz.de/10011599123
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The Impact of the Sarbanes-Oxley Act on the Cost of Going Public
Kaserer, Christoph; Mettler, Alfred; Obernberger, Stefan - In: BuR - Business Research 4 (2011) 2, pp. 125-147
This paper examines the impact of the Sarbanes-Oxley Act (SOX), a legal framework intended to increase transparency and accountability of listed companies, on the cost of going public in the US. We expect SOX to increase the direct cost of going public, but decrease the underpricing because of...
Persistent link: https://www.econbiz.de/10010421362
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Preisfindung bei Börsengängen : das Accelerated Bookbuilding Verfahren
Weiser, M. Felix - In: Finanz-Betrieb : FB ; Zeitschrift für … 8 (2006) 6, pp. 385-393
Persistent link: https://www.econbiz.de/10003348161
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IPOs with and without allocation discretion : empirical evidence
Bubna, Amit; Prabhala, Nagpurnanand R. - In: Journal of financial intermediation 20 (2011) 4, pp. 530-561
Persistent link: https://www.econbiz.de/10009305781
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Does the effect of revealed private information on initial public offering (IPO) first trading day return differ by IPO market heat?
Keefe, Michael O'Connor - In: Accounting and finance : journal of the Accounting … 54 (2014) 3, pp. 921-964
Persistent link: https://www.econbiz.de/10011348076