Ranking Underwriters of European IPOs

Katrin Migliorati · Silvio Vismara A

64 citations0/0 files storedEuropean Financial Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Financial Markets and Investment Strategies Credit Risk and Financial Regulations

Abstract

Abstract Reputational capital is a valuable asset for underwriters in IPO markets. Existing measures of their reputation are tailored to the US market, where the same established investment banks typically handle IPOs on both the NYSE and NASDAQ. The widely used Carter‐Manaster rankings do not grade the reputations of underwriters of 67.5% of IPOs in Europe. The European IPO market is a series of domestic markets, where most underwriters operate almost entirely in a single country. This paper presents European‐based rankings of 260 underwriters of 3,776 IPOs in France, Italy, Germany, and the UK from 1995 to 2010, with the number of IPOs underwritten and the amount of capital raised.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 64 citations exist upstream.

References

1986Investment banking, reputation, and the underpricing of initial public offerings 1990Initial Public Offerings and Underwriter Reputation 1991Venture Capitalist Certification in Initial Public Offerings 2004Why Has IPO Underpricing Changed Over Time 1998Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks 2005Why Has IPO Underpricing Changed over Time?1994Investment Bank Reputation, Information Production, and Financial Intermediation 2000The Seven Percent Solution

Cited by

2014Cross-border M&As of biotech firms affiliated with internationalized universities 2019The determinants of IPO withdrawal – Evidence from Europe 2015Changes in underwriters' selection of comparable firms pre- and post-IPO: Same bank, same company, different peers 2018The Board Value Protection Function in Young, Mature and Family Firms 2016Stock-financed M&As of newly listed firms 2019The effects of stricter regulation on the going public decision of small and knowledge‐intensive firms

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.