Essays about: "Bookbuilding"

Found 2 essays containing the word Bookbuilding.

1. 1. Underwriting Syndicate Structure and the Bookbuilding Pricing Mechanism: Evidence from IPOs in France, Germany, Italy, and the UK

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Pavels Osipovs; [2018]
   Keywords : Initial public offering; Underwriting syndicate; Bookbuilding; Information production; Bargaining power;

   Abstract : In this thesis, I study the impact of underwriting syndicate structure on the bookbuilding pricing mechanism based on a sample of 1,013 IPOs in France, Germany, Italy, and the UK between 1995 and 2010. More specifically, I examine whether the numbers of bookrunners and co-managers in underwriting syndicates are positively related to both the capability of bookbuilding to produce information about investor demand and the bargaining power of issuers to negotiate on higher filing price revisions. READ MORE

3. 2. On the Determinants of Underpricing in Corporate Bond Offerings

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Björn Aronsson; Daniel Tano; [2016]
   Keywords : Bond Underpricing; Underpricing; Initial Bond Offering; Swedish Bond Market; Credit Default Swap; Business and Economics;

   Abstract : Money is often left on the table when corporations issue new securities. Explanations for the underpricing phenomenon are often related to information asymmetry between the investor and the issuer. In this study we investigate factors affecting underpricing on corporate bonds in the Swedish market. READ MORE