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| Tekijä: | Torstila, S. |
| Otsikko: | What determines IPO gross spreads in Europe? |
| Lehti: | European Financial Management
2001 : DEC, VOL. 7:4, p. 523-541 |
| Asiasana: | INITIAL PUBLIC OFFERINGS STOCK MARKETS EUROPE |
| Vapaa asiasana: | GROSS SPREADS |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the behaviour of underwriting gross spreads in European IPO markets using a data set of 565 IPOs by European issuers in the period 1986-99. Privatisations have lower gross spreads than other IPOs, other things remaining equal. |
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