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A Note on the Pricing of IPOs

Lundtofte, Frederik LU (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:
author
organization
publishing date
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
2009-09-17 13:20:04
date last changed
2018-05-29 12:20:57
@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},
  keyword      = {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},
  volume       = {106},
  year         = {2010},
}