The term "under pricing" describes the process of setting the spread between the participants of the investment banking syndicate.
"Under pricing" actually refers to selecting a share price for new issues slightly below the market value perceived by the public.
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Q17: An investment banker acts as a middleman
Q21: IPOs generally underperform compared to the general
Q22: An underwriting syndicate is a group of
Q24: An underpriced offering represents a permanent lost
Q26: When a firm issues new stock, it
Q26: One purpose of an underwriting syndicate is
Q28: The issuing company desires to have as
Q30: The underwriting spread is the guaranteed minimum
Q34: The goal of underpricing is to ensure
Q37: The investment banking industry has shifted its
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