X
05Oct

IPO Underpricing & Behavioral Theories

In a law journal note titled “The Seller’s Curse and the Underwriter’s Pricing Pivot:  A Behavioral Theory of IPO Pricing,” author Patrick Corrigan considers various theories advanced to explain IPO underpricing.  Given that so many venture and private equity investors are finding alternatives to the traditional IPO model, whether through direct listings or SPACs, and pointing to IPO underpricing as one of the ways in which the traditional IPO model is “broken,” new academic theories are well...
By: Mayer Brown Free Writings + Perspectives
Source Url: https://www.jdsupra.com/legalnews/ipo-underpricing-behavioral-theories-57926/

Related

Virginia DEQ Amends Construction General Permit to Include Disposal Disclosure Requirements

Contractors that obtain coverage under the Virginia General Permit for Discharges of Stormwater from...

Read More >

New Jersey and Illinois Join the Salary History Ban Train

On July 25, 2019, Acting Gov. Sheila Oliver signed NJ A1094 (“the Law”) banning salary history req...

Read More >

OFCCP Rolls Out Changes To Its Functional Affirmative Action Plan Program

Functional affirmative action plans (FAAPs) are not new. While the regulations require AAPs be prep...

Read More >

How soon until infrastructure's digital revolution becomes the "new normal"?

The Centre for Digital Built Britain (CDBB) continues to develop a systems-based vision for UK infra...

Read More >

New DoL Rule Clarifies Joint Employer Status Under FLSA

On January 16, 2020, the Department of Labor’s (DoL) Wage and Hour Division will publish a final ru...

Read More >

Extenders Bill – a small victory for Wind and a loss for Solar

The production tax credit for renewable wind projects under Section 45 of the Internal Revenue Code ...

Read More >