Initial public offerings are an expensive exit route for company owners. Underwriters in the U.S. typically charge 5% to 7% of proceeds. Underpricing of shares takes another 10% to 15%, on average; total costs of $100 million aren’t unusual for large deals. It’s not surprising that many owners pursue other options, especially M&A. In recent […]
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HJ Howard Jones is a senior research fellow, and Rüdiger Stucke is a research fellow, at Oxford University’s Saïd Business School.
RS Rüdiger Stucke is a research fellow, at Oxford University’s Saïd Business School.
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