the recent academic literature on securities auctions and the results of the OpenIPOs Hambrecht has conducted, as of mid … offering in which individual investors play a larger role in price discovery, via the internet, and shares are allocated … through both the internet auction and traditional bookbuilding. Originality/value – Managers considering an initial public …

Securities in the face of a growing financial crisis. These instruments, underwritten by UBS, were marketed to clients as highly …, decides to let their auctions fail, leaving clients with illiquid assets of uncertain value. The case explores theoretical and …

Securities in the face of a growing financial crisis. These instruments, underwritten by UBS, were marketed to clients as highly …, decides to let their auctions fail, leaving clients with illiquid assets of uncertain value. The case explores theoretical and …