Question
7. What does IPO underpricing refer to? When in recent decades has it been most severe? What are some reasons that underwriters might want to
7. What does IPO underpricing refer to? When in recent decades has it been most severe? What are some reasons that underwriters might want to underprice their IPOs? On the other hand, what might be some problems with this approach?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
