• 1. Introduction
  • 2. The IPO Auction Mechanism
  • 3. The data
  • 4. Summary statistics
  • 5. Bidding and the Potential for Free-Riding
  • 6. Investor participation
  • 7. The elasticity of the demand curves
  • 8. Pricing
  • 9. Flipping
  • 10. Investor returns
  • 11. Conclusion
  • Bibliography