An Optimal IPO Mechanism

DOI10.1111/1467-937X.00200MaRDI QIDQ4542453zbMATH OpenFDO

Authors Bruno Biais, Peter Bossaerts, Jean-Charles Rochet

Publication date 25 February 2003

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1467-937X.00200

zbMATH Keywords

initial public offeringnonlinear price scheduleuniform pricing

Mathematics Subject Classification ID

Deterministic scheduling theory in operations research (90B35) Microeconomic theory (price theory and economic markets) (91B24) Corporate finance (dividends, real options, etc.) (91G50)

Recommendations

• Optimal IPO mechanism with retail investors and two asymmetric institutional investors
• Structuring the Initial Offering: Who to Sell To and How to Do It
• The optimality of uniform pricing in IPOs: an optimal auction approach
• A note on the pricing of IPOs
• Rationing in IPOs*

Cited in

(12)

• Strategic price discounting and rationing in uniform price auctions
• Option-implied lottery demand and IPO returns
• A note on the pricing of IPOs
• Uniform price auctions and fixed price offerings in IPOs: An experimental comparison
• Optimal IPO mechanism with retail investors and two asymmetric institutional investors
• The optimality of uniform pricing in IPOs: an optimal auction approach
• Pre-IPO operational and financial decisions
• Rationing in IPOs*
• Structuring the Initial Offering: Who to Sell To and How to Do It
• Optimal initial coin offering under speculative token trading
• IPO share allocation and conflicts of interest
• Selling shares to retail investors: auction vs. fixed price

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