1. Reforming the Bookbuilding Process for IPOs.
- Author
-
Jagannathan, Ravi and Sherman, Ann E.
- Subjects
GOING public (Securities) ,AUCTIONS ,INSTITUTIONAL investors ,TENDER offers - Abstract
Advocates a hybrid strategy to the initial public offering (IPO) process in the United States, which is preserving the main advantages of bookbuilding while addressing the concerns about exclusivity and lack of transparency. Debate about IPO methods in the U.S., namely the uniform-price auctions and bookbuilding; Proposals for institutional investors; Lessons from the Petronas Gas IPO in Malaysia; Encouragement of retail participation.
- Published
- 2005
- Full Text
- View/download PDF