Showing 1 - 10 of 16
We characterize optimal IPO design in the distinct adverse selection problems: one affecting the IPO stage and one arising in the after-market. Allocating shares to an investor with superior information in the after-market depresses the share's value to less informed investors. However, because...
Persistent link: https://www.econbiz.de/10010272368
Persistent link: https://www.econbiz.de/10008806222
Persistent link: https://www.econbiz.de/10008807333
We characterize optimal IPO design in the distinct adverse selection problems: one affecting the IPO stage and one arising in the after-market. Allocating shares to an investor with superior information in the after-market depresses the share's value to less informed investors. However, because...
Persistent link: https://www.econbiz.de/10003581262
Persistent link: https://www.econbiz.de/10011553073
Persistent link: https://www.econbiz.de/10011553079
Persistent link: https://www.econbiz.de/10003361469
Persistent link: https://www.econbiz.de/10001622717
Persistent link: https://www.econbiz.de/10001472747
Persistent link: https://www.econbiz.de/10001472748