IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-41294-2_30.html
   My bibliography  Save this book chapter

Conclusion

In: IPO Banks

Author

Listed:
  • Philippe Espinasse

    (University of Hong Kong)

Abstract

Appointing lead banks for an IPO can be a complex and time-consuming exercise. But it is well worth extending the effort to ensure that the senior syndicate banks are well-qualified, and also able to work harmoniously together. Importantly, a tight, core group of houses should be responsible for driving the transaction, with perhaps a slightly wider number of firms involved in the marketing phase per se, from assembling a group of cornerstone investors (if any), right through to the pricing and allocation stages. Appointing a very large number of firms for any IPO is simply the wrong thing to do: it will irremediably dilute responsibilities and economics while in no way ensuring that a wider pool of investors is accessed and allocated. More banks do not equal more demand, and even less so higher quality allocations of stock to investors.

Suggested Citation

  • Philippe Espinasse, 2014. "Conclusion," Palgrave Macmillan Books, in: IPO Banks, chapter 9, pages 110-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-41294-2_30
    DOI: 10.1057/9781137412942_30
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-41294-2_30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.