Big IPO Backlog Is Not What It Seems
- 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...
- INVESTMENT BANKING DATABASE: FIGs. // Investment Dealers' Digest;2/21/2005, Vol. 71 Issue 7, p38
The article presents statistical information regarding global investment banking sector. The information includes securities, initial public offerings, market share, recent global equity deals, recent global debt deals, etc.
- Tech Target to pursue IPO in 2006. Callahan, Sean; Schwartz, Matthew // B to B;11/14/2005, Vol. 90 Issue 14, p3
This article informs that TechTarget Inc. confirmed last week that it will pursue an initial public offering in 2006. The company had hired investment bank UBS to explore its valuation in the mergers and acquisitions market. In the process, TechTarget concluded that an initial public offering...
- Playing by Google Rules. Gasparino, Charles // Newsweek;5/10/2004, Vol. 143 Issue 19, p42
Offers a look at the role of investment bank Goldman Sachs in the initial public offering of Internet search engine, Google. Failure of Goldman Sachs to win the lead underwriting spot because its chief executive officer, Hank Paulson, tried to sidestep Google orders by reaching out to one 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.
- Who Wants to Be An Internet Billionaire? Fox, Justin // Fortune;11/8/1999, Vol. 140 Issue 9, p40
Comments on the role of investment banks in the initial public offering (IPO) business. How online companies, like traditional businesses going public, hire investment bankers to manage the IPO; Why share price is set by the bankers; The author's opinion that the IPO business is an expensive...
- REITs Cool Down; Action Goes Private. Abrams, Sandra Lea // Investment Dealers' Digest;4/4/2005, Vol. 71 Issue 13, p13
The article reports that investment banking is driven by the 144A private-placement market with the decrease in initial public offerings (IPO) of real estate investment trusts (REIT). It is because groups with an idea can get access to capital, buy assets and build their strategy. Doing a 144A...
- An Un-Wall Street IPO Upstart. MCLEAN, BETHANY // Fortune;8/18/1997, Vol. 136 Issue 4, p32
Discusses the quiet success of investment banking firm Friedman Billings Ramsey Group Inc. (FBR). Position of FBR on the initial public offerings list; Information about the way FBR does business; Accomplishments of FBR.