The latest IPO Newcomer
- Investment Banker Prestige and the Underpricing of Initial Public Offerings. Johnson, James M.; Miller, Robert E. // FM: The Journal of the Financial Management Association;Summer88, Vol. 17 Issue 2, p19
This article develops and tests the three main hypotheses explaining why issues underwritten by prestigious investment bankers should exhibit lower initial returns and why this result is not an anomaly. First, the results of five previous studies are replicated, and all find that prestigious...
- Big IPO Backlog Is Not What It Seems. Tunick, Britt Erica // Investment Dealers' Digest;7/19/2004, Vol. 70 Issue 29, p7
Reports on the performance of the initial public offering (IPO) market in the United States. Number of deals in the IPO pipeline as of July 13; Change in buy-side sentiment; More accurate warning sign of troubles; Case with IPOs seeking to use the controversial income depository securities...
- The major players. // Middle East;Oct2003, Issue 338, p41
The article presents a brief information about financial status of several banks in the Middle East as of October 2003. The National Bank of Kuwait (NBK), has the highest financial strength rating among emerging market banks according to several global rating agencies. During the first half of...
- Are tech bankers making promises they can't keep? Monroe, Ann // Investment Dealers' Digest;02/09/98, Vol. 64 Issue 6, p26
Focuses on the actions taken by investment bankers when recruiting initial public offering clients. Comments from Paul Deninger, chairman of Broadview Associates; Arguments made by bankers.
- An uneven performance. Garrity, Brian; Keegan, Jeffrey; O'Leary, Christopher // Investment Dealers' Digest;04/05/99, Vol. 65 Issue 14, p14
Reports on New York City investment bankers' assessment of securities underwriting in the first quarter of 1999. Internet fever gripping initial public offerings; Conditions on the market for convertible securities and junk bonds; Financing difficulties of investment-grade companies.
- Transparency No Longer Just Talk. Tunick, Britt Erica // Investment Dealers' Digest;6/21/2004, Vol. 70 Issue 25, p14
Focuses on the joint-book initial public offerings (IPO) of companies in the U.S. Benefit of a real-time system; Prices of IPO; Alteration of issuer and banker relationships.
- Big Equity Gains for the Biggest Banks. Davenport, Todd // American Banker;1/24/2005, Vol. 170 Issue 15, p9
Reports that venture capital and private equity portfolios of the nation's largest banks quietly contributed $1.5 billion to earnings in the four quarter of 2004, rounding out a year of strong gains of equities--and providing a glimpse of potentially greater success in 2005. Much of the success...
- Google's Unconventional IPO Risks Ire of Wall Street. Conrad, Lee // U.S. Banker;Aug2004, Vol. 114 Issue 8, p54
Focuses on the initial public offering announcement of Google Inc. in the U.S. Means of using a Dutch auction to limit the role and fees of investment banks; Revenues of banks; Details on the competition in all aspects of the banking business.
- To what extent are investment bank-differentiating factors relevant for firms floating moderate-sized IPOs? Kulkarni, Kedar; Sabarwal, Tarun // Annals of Finance;Aug2007, Vol. 3 Issue 3, p297
One explanation provided for the relatively high and increasingly stable spreads for moderate-sized IPOs ($20â€“$80 million) documented in Chen and Ritter (J Finance 55:1105â€“1131, 2000) is that issuing firms focus less on price and more on a combination of investment...