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Compare traditional (book-building) IPOs relative to Dutch auctions. The underwriter (investment bank) has a bigger role to play in pricing the offer for Initial offer
Compare traditional (book-building) IPOs relative to Dutch auctions. The underwriter (investment bank) has a bigger role to play in pricing the offer for Initial offer pricing tends to be more efficient (i.e., closer to true value) in the case of takes less time overall to complete. A potential concern with is that the underwriter is reluctant to set the initial offer price much above the file price range
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