Web1 jan. 1990 · which results in price equal ing marginal cost, i s the appropriate model (see be low in this note). See T irole [107, pp. 209–212] or V arian [109, pp. 461–464]. Weband price stabilization for a sample of Canadian IPOs that listed on the Toronto Stock Exchange (TSE) over the period 1984-1993. To this end, whether or not underwriting spreads are negatively and significantly related to the inclusion of an OAO for Canadian IPOs is first examined. The market impact of price support by underwriters near the ...
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