IPO pricingUnderpricingIn contrast to prior studies suggesting that overallotment option (OAO) provisions reflect underwriters' exploitation of IPO firms, we provide evidence that issuers benefit in several ways
IPO pricingUnderpricingIn contrast to prior studies suggesting that overallotment option (OAO) provisions reflect underwriters' exploitation of IPO firms, we provide evidence that theJiao, YawenKutsuna, KenjiSmith, Richard L.Social Science Electronic Publishing...