A Theory of IPO Pricing using Tender Prices

• Main Authors: Lim, Kian Guan, Ng, Edward H. K.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1999
• Subjects: Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/2266; https://doi.org/10.1080/096031099332096
• Institution: Singapore Management University

Initial Public Offerings (IPOs) are an integral part of market capitalization, and the pricing of such offerings have been theorized considerably. New methods of IPOs often bring new insights to existing theories. This paper studies a new form of IPO with French tenders, and proposes an information...