Raising Capital with Initial Public Share Issues in Germany

Some underpricing of initial public offerings (IPO) is desirable due to uncertainty about the true value of untraded shares and the need to attract investors to subscribe. However, excessive underpricing is harmful to existing shareholders and discourages other issuers from selling shares. The histo...

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Veröffentlicht in:	Management international review 1988-01, Vol.28 (1), p.64
Hauptverfasser:	Dawson, Steven M, Reiner, Norbert
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Initial public offerings Market prices Mathematical analysis Sales of securities Stock exchanges Stock prices Studies
Online-Zugang:	Volltext
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