Question
In a dutch auction underwriting, how is the price for the IPO set? Multiple Choice Investors pay the price they bid minus the underwriting spread.
In a dutch auction underwriting, how is the price for the IPO set?
Multiple Choice
Investors pay the price they bid minus the underwriting spread.
Investors pay the price they bid plus the underwriting spread.
All investors pay the same lowest accepted bid price.
If their bid is accepted, investors pay the price they bid.
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The New Market Wizards Conversations With Americas Top Traders
Authors: Jack D. Schwager
1st Edition
0887306675, 978-0887306679
