The Pricing of Initial Public Offerings: An Option Approach
This chapter proposes a theoretical model of initial public offering by taking into account the uncertainty in security pricing and the underwriting process. Three major factors are shown to affect the IPO pricing: (1) the uncertainty of stock price, (2) the legal requirement that restricts underwri...
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Main Authors: | LIU, Sheen, WU, Chunchi, CHEN, Peter Huaiyu |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2008
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/850 |
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Institution: | Singapore Management University |
Language: | English |
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