Finance

An IPO firm has a choice of two methods of selling shares. In the (i)

An IPO firm has a choice of two methods of selling shares. In the (i) method, the underwriter essentially acts as a (ii), agreeing to purchase all shares offered at a fixed price, and then takes the risk of reselling the shares to the public. In the (iii) method, the underwriter essentially acts as a […]

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Date: September 19th, 2020