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The Pricing of Initial Public Offerings: A Dynamic Model with Information Production

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References

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1980On the aggregation of information in competitive markets1,247 cited

Cited by

2002Strategic IPO underpricing, information momentum, and lockup expiration selling447 cited
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1998IPO-mechanisms, monitoring and ownership structure11We would like to thank the referee, Larry Benveniste, and the editor, William Schwert, as well as Bruno Biais, Patrik Bolton, Susanne Espenlaub, Michael Fishman, Thierry Foucault, Gunther Franke, Julian Franks, Mark Grinblatt, Jean Jacque Laffont, Alexander Ljungqvist, Ernst Maug, Gerhard Orosel, Pegaret Pichler, Raguram Rajan, Jay Ritter, Ailsa Röell, Kristian Rydquist, Jean Tirole, Elu von Thadden, Ivo Welch, William Wilhelm, Joe Williams and Andrew Winton for helpful comments. This paper has been presented at the University of Alberta, Baruch College, the Free University of Brussels, the University of Gothenburg, HEC, the University of California, Irvine, the University of Lausanne, the London School of Economics, the University of Odense, Stockholm School of Economics, the University of British Columbia, UCLA, the University of Utah, the CEPR conferences in Tolouse and Gerzensee, the American Finance Association, the Western Finance Association and the European Finance Association. This paper was written while Stoughton visited the University of Vienna. He expresses his appreciation to the faculty and staff for an enjoyable stay.322 cited
2009The Going-Public Decision and the Product Market292 cited
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1998Going public and the ownership structure of the firm280 cited
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2004The choice of equity-selling mechanisms232 cited
2016Underwriter networks, investor attention, and initial public offerings231 cited
2000IPOs and Long-Term Relationships: An Advantage of Book Building209 cited
2010Regulatory underpricing: Determinants of Chinese extreme IPO returns209 cited
2009IPO Research in Management and Entrepreneurship: Moving the Agenda Forward208 cited