Title :
A Review of Bookbuilding
Author :
Lin, Xudong ; Han, Xin ; Lai, Wenjun
Author_Institution :
Sch. of Manage., Shenzhen Univ., Shenzhen, China
Abstract :
Bookbuilding as the main IPO issuing method has get much attention. In this paper, we review existing literature about bookbuilding from two perspectives: information asymmetry and price support and we find that all the research has the common premise: underwriter has the right to allocate new issues independently and price inquiry only through one stage. Based on the differences between the Chinese existing inquiry mechanism and the typical mechanism, we outline some new questions for deep research.
Keywords :
investment; pricing; stock markets; IPO issuing method; bookbuilding; information asymmetry; price support; Economics; Educational institutions; Finance; Marine animals; Pricing; Resource management; Rocks;
Conference_Titel :
Internet Technology and Applications (iTAP), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-7253-6
DOI :
10.1109/ITAP.2011.6006318
