when investment banks underwrite ipos they are
When investment banks underwrite IPOs, they are typically sell stock for 5-10 percent more than they pay for it. When they underwrite stock for companies that are already public, the typical markup is 3 percent. What explains this difference?
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when investment banks underwrite ipos they are typically sell stock for 5-10 percent more than they pay for it when they underwrite stock for
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How might these concerns affect your methodology, and how do you plan on approaching the topic more generally?