Journal of Financial and Quantitative Analysis · 1997 · 165 citations · 16 references
Social SciencesEconomicsFinanceCorporate FinanceFinancial EconomicsMicroeconomicsInformation EconomicsSubscription PricingBook BuildingInvestor Information EnvironmentIpo UnderpricingStrategic CascadingUnderpricing Of Share Issuance
Lawrence M. Benveniste, Walid Y. Busaba, Bookbuilding vs. Fixed Price: An Analysis of Competing Strategies for Marketing IPOs, The Journal of Financial and Quantitative Analysis, Vol. 32, No. 4 (Dec., 1997), pp. 383-403
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Why new issues are underpriced
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Sequential Sales, Learning, and Cascades
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