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What is Understanding the Book Building Method about?
Book building is a price discovery mechanism used in stock markets for pricing securities during IPOs, where underwriters collect bids from institutional investors. This method allows for tracking investor demand to determine the issue price, making it the preferred approach by major stock exchanges. In contrast, the fixed price method involves a predetermined share price known to investors before the IPO, with market demand only revealed after the issue closes.
- Author
- simran
- Language
- EN