EBK FUNDAMENTALS OF CORPORATE FINANCE
EBK FUNDAMENTALS OF CORPORATE FINANCE
3rd Edition
ISBN: 9780133762808
Author: Harford
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 14, Problem 3DC
Summary Introduction

Initial Public Offering (IPO):

The term IPO refers to the process through which a private company goes public by selling its stocks to the public. IPOs are managed and handled by underwriters. The lead underwriter is the chief banking institution that controls security issuance. The lead underwriter provides almost all advices on the sales and arrangement for underwriters, termed as “syndicate” to assist the market and sell the issues profitably.

To do: The performance of FB in three-month post IPO period and for one-year holding period.

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