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Why don't U.S. issuers demand European fees for IPOs?

We compare fees charged by investment banks for conducting IPOs in the United States and Europe. In recent years, the '7% solution,' as documented by , has become even more prevalent in the United States, and is now the norm for IPOs raising up to $250 million. The same banks dominate both markets, but European IPO fees are roughly three percentage points lower, are much more variable, and have been falling. We review explanations for the gap in spreads and find the evidence consistent with strategic pricing. U.S. issuers could have saved over $1 billion a year by paying European fees..Printed journal

Ketersediaan

Call NumberLocationAvailable
JOF6606PSB lt.dasar - Pascasarjana1
Penerbit Wiley Periodicals.,
Edisi -
Subjek Corporations
Finance
Securities
Investment banking
Banking industry
Investment bankers
Listing
Stocks (finance)
Going public (securities)
service charges
Administrative fees
Syndicates (finance)
ISBN/ISSN 221082
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
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