Chen, Hsuan-Chi; Ho, Keng-Yu; Weng, Pei-Shih - In: Journal of Banking & Finance 37 (2013) 12, pp. 5208-5219
without an IPO underwriting relationship. The evidence also suggests that the underwriting banks share information surplus …This study investigates the relation between IPO underwriting and subsequent lending. We find that when a bank … underwrites a firm’s IPO, the bank is more likely to provide the issuer with future loans at a lower cost, compared to banks …