A Note on the Pricing of IPOs
(2010) In Economics Letters 106(2). p.105-107- Abstract
- This paper studies the pricing of IPOs in a tractable model in which an investment bank faces some investors with superior information. We show how this can lead to underpricing and, based on our model, we make a number of empirical predictions.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1473986
- author
- Lundtofte, Frederik LU
- organization
- publishing date
- 2010
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Risk aversion, Monopoly pricing, IPO underpricing, Fixed-price auction
- in
- Economics Letters
- volume
- 106
- issue
- 2
- pages
- 105 - 107
- publisher
- Elsevier
- external identifiers
-
- wos:000275004000011
- scopus:73249139257
- ISSN
- 0165-1765
- DOI
- 10.1016/j.econlet.2009.10.014
- language
- English
- LU publication?
- yes
- id
- 9d3f33e9-3305-4e45-80cd-00797f4610a4 (old id 1473986)
- date added to LUP
- 2016-04-01 09:54:48
- date last changed
- 2022-01-25 17:52:53
@article{9d3f33e9-3305-4e45-80cd-00797f4610a4,
abstract = {{This paper studies the pricing of IPOs in a tractable model in which an investment bank faces some investors with superior information. We show how this can lead to underpricing and, based on our model, we make a number of empirical predictions.}},
author = {{Lundtofte, Frederik}},
issn = {{0165-1765}},
keywords = {{Risk aversion; Monopoly pricing; IPO underpricing; Fixed-price auction}},
language = {{eng}},
number = {{2}},
pages = {{105--107}},
publisher = {{Elsevier}},
series = {{Economics Letters}},
title = {{A Note on the Pricing of IPOs}},
url = {{http://dx.doi.org/10.1016/j.econlet.2009.10.014}},
doi = {{10.1016/j.econlet.2009.10.014}},
volume = {{106}},
year = {{2010}},
}