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72 pages • missing pub info (view editions)
ISBN/UID: 9781288711178
Format: Paperback
Language: English
Publisher: Bibliogov
Edition Pub Date: 06 February 2013
Description
I present a fully-rational symmetric-information model of an IPO, and a dynamic imperfectly competitive model of trading in the IPO aftermarket. The model helps to explain IPO underpricing, underperformance, and why share allocations favor large i...
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72 pages • missing pub info (view editions)
ISBN/UID: 9781288711178
Format: Paperback
Language: English
Publisher: Bibliogov
Edition Pub Date: 06 February 2013
Description
I present a fully-rational symmetric-information model of an IPO, and a dynamic imperfectly competitive model of trading in the IPO aftermarket. The model helps to explain IPO underpricing, underperformance, and why share allocations favor large i...