Goergen, Marc; Khurshed, Arif; Mudambi, Ram - In: Journal of Business Finance & Accounting 33 (2006-01) 1-2, pp. 79-101
UK firms going public have a choice between public offers and placings. This choice has important implications in terms of who bears the risk of the issue failing and of its costs. We find that firms with higher "ex ante" uncertainty choose a placing contract. Highly reputable sponsors and...