| Description |
1 online resource (372 pages) |
| Contents |
Title page; Table of Contents; Copyright; Dedication; Foreword; Preface; 1. The Underwriting Business: Functions, Organization, and Structure; Abstract; Functions and Organization; Industry Structure and Competition; 2. The New Issues Markets; Abstract; Primary and Secondary Markets; Public and Private Markets; Equity and Debt Markets; Structure of Global New Issues Markets; Trading in the Secondary Markets; Main Secondary Markets Around the World; 3. Regulation of the New Issues Market in the United States; Abstract; Regulation of Primary and Secondary Markets |
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Registration Exemptions and SimplificationsInternational Offerings by US Issuers; Recent Laws and Regulations; Regulation of Offerings by Foreign Issuers; 4. The Mechanics of the Issuance Process; Abstract; Preparation and Registration; Organizing the Underwriting Syndicate; Pricing and Marketing; Placement; Appendix A Typical Timeline of Floating an IPO; Appendix B Example on Syndicate Compensation and Allocation Prices; 5. Aftermarket Underwriting Activities; Abstract; Secondary Market Activities; The Overallotment Option; Providing Liquidity in the Aftermarket |
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The End of the Quiet Period and Start of Analyst CoverageThe Closing; Expiration of the Lockup Period; Appendix Examples of Price Stabilization With and Without the OAO; 6. Underwriting Costs and Compensation; Abstract; Issuance Costs; The Underwriter's Problem; Step 1-Estimating the Expected Market Price of the New Issue; Step 2-Setting the Offer Price; Step 3-Estimating the Expected Underwriting Costs; Step 4-Setting the Bid Price; Appendix Derivation of the Option-Based Value of the Underwriting Service Contract; 7. Alternative Offering Methods in New Issues Markets; Abstract |
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Accelerated Seasoned Equity OffersThe Subscription Method; The Auction-Offering Method; Internet-Based New Issue Offerings; Appraisal of Offering Methods; 8. Assessing the Price Performance of New Issues; Abstract; Initial and Short-Term Price Performance; Long-Run Price Performance; Appendix The Facebook IPO; 9. Theories of New Issue Pricing; Abstract; The Underpricing Phenomenon; Pricing Under Homogeneous Information; Pricing Under Heterogeneous Information; 10. The Price and Operating Performance of Initial Public Offerings; Abstract; The Initial Pricing of IPOs; The "Hot Issue" Markets |
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Are IPOs Efficiently Priced?The Long-Run Price Performance of Firms Conducting IPOs; The Long-Run Operating Performance of Firms Conducting IPOs; 11. The Price and Operating Performance of Seasoned Equity Offers, Debt Offers and Other Offerings; Abstract; The Initial Pricing of Seasoned Equity Offerings; The Long-Run Price Performance of Firms Conducting SEOs; The Long-Run Operating Performance of Firms Conducting SEOs; Debt Offers; Other Special Case Offers; Private Investments in Public Equity; 12. The Empirical Evidence on Underwriting Spreads; Abstract |
| Notes |
Underwriting Cost Structure and Gross Spreads |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Securities.
|
|
Securities.
|
| Form |
Electronic book
|
| Author |
Karagozoglu, Ahmet K
|
| ISBN |
9780128032831 |
|
0128032839 |
|
