Why Do IPOs Leave So Much Money on the Table?

In this episode, we dive into the intriguing world of IPO underpricing. Why do companies leave millions of dollars on the table? What incentives are at play between underwriters, shareholders, and executives? Join us as we unravel the complexities behind IPO pricing and the surprising reasons issuers seem perfectly content with leaving money on the table.

Reference: https://site.warrington.ufl.edu/ritter/files/WhyDont_Ritter2019_Sept25.pdf