第十章 财务杠杆与资本结构政策.pptVIP

阿基米德 给我一个支点，我能撬起整个地球 1. Raising Capital 1.Selling Securities to the Public Methods: Table 16.1 - I Methods: Table 16.1 - II Underwriters （承销商） Services provided by underwriters Formulate method used to issue securities Price the securities Sell the securities Price stabilization by lead underwriter Syndicate （承销团） Spread （差价） Issuance Costs for IPO Underpricing – below market issue price on IPOs IPO Initial Public Offering – IPO May be difficult to price an IPO because there isn’t a current market price available Underwriters want to ensure that, on average, their clients earn a good return