Has the Introduction of Bookbuilding Increased the Efficiency of China's IPO Pricing?

• المؤلف الرئيسي: FEI, Jiehui
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2009
• الموضوعات: book building; China; Initial public offerings; stock exchanges; uniform price; Asian Studies; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/etd_coll/19; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1018&context=etd_coll
• المؤسسة: Singapore Management University

Book-building is commonly adopted in global primary markets and regarded as the most efficient pricing method for accurate IPO pricing by literatures. China has introduced book-building in 2005 to increase IPO pricing accuracy and the capabilities of domestic institutional investors. However, with t...