Derrien Ipo Pricing In Hot Market

Derrien ipo pricing in hot market

1Rotman School of Management, University of Toronto

This article is a substantially revised version of one chapter of my dissertation at HEC.

Derrien ipo pricing in hot market

The paper was previously entitled “Issuers, Underwriters, and Institutional Investors: Why They All Like the Book‐building IPO Procedure.” I would like to thank my advisor, François Degeorge, for his constant support and advice throughout this research. I am also grateful to Alessandro Citanna, Thierry Foucault, Larry Glosten, Richard Green (the editor), Ulrich Hege, Philippe Henrotte, Dima Leshchinskii, Stephano Lovo, Jan Mahrt‐Smith, Sophie Moinas, Jacques Olivier, Michael Rockinger, Bruno Solnik, Alex Stomper, Kent Womack, and an anonymous referee for their precious comments.

All remaining errors are my own.

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