DocumentCode
3106508
Title
A Review of Bookbuilding
Author
Lin, Xudong ; Han, Xin ; Lai, Wenjun
Author_Institution
Sch. of Manage., Shenzhen Univ., Shenzhen, China
fYear
2011
fDate
16-18 Aug. 2011
Firstpage
1
Lastpage
4
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Internet Technology and Applications (iTAP), 2011 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-7253-6
Type
conf
DOI
10.1109/ITAP.2011.6006318
Filename
6006318
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