search query: @indexterm Initial Public Offerings / total: 176
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Author: | Torstila, S. |
Title: | The distribution of fees within the IPO syndicate |
Journal: | Financial Management
2001 : WINTER, VOL. 30:4, p. 25-43 |
Index terms: | INITIAL PUBLIC OFFERINGS UNDERWRITING |
Freeterms: | DISTRIBUTION OF FEES |
Language: | eng |
Abstract: | This paper examines the division of fees within the IPO underwriting syndicate using data on 4,186 US IPOs in the 1990s. Like the 7% gross spread, the standard contract of 20% management fee, 20% underwriting fee, and 60% selling concession has become more common in recent years. |
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