Huibers, Fred E. - In: Journal of risk and financial management : JRFM 13 (2020) 6/115, pp. 1-14
auctions for IPO pricing and allocation. IPO firms face a trade-off between the benefit of accurate and reliable IPO price …. Using controlled experiment methodology in multi-unit uniform price auctions we found that the most capacity …-restricted auctions that also offer investors a discount are likely to produce the most accurate and reliable price discovery and …