Investment Banks in Equity Financing
The study shows that confidentially marketed public offerings (CMPOs) generally raise more capital and attract more investors than registered direct offerings (RDOs), but high-risk firms favor RDOs, and both offerings yield negative average abnormal returns.
Featured in No. 46 on 24 Apr 2024 ·
- Released
- 17 Jan 2024
- First featured
- No. 46 · 24 Apr 2024
- Published in
- Not yet, as far as Semantic Scholar knows
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- Identifier
- SSRN 4804665
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