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How the super-rich are distorting merchant banks’ IPO price discovery efforts

09 August, 2017

When hypermarket chain D-Mart made its debut on the stock markets in March this year, its shares doubled on the first day itself. The blockbuster listing came after its initial pub ....

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View Comments
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1 Comment
gautam.joshi@asia.bnpparibas.com . 11 months ago

Interesting article and the problem is very well elaborated, however the author should have also dwelled into suggesting a solution to this menace. As it goes against the basic tenet of encouraging retail investors to invest in new IPO’s as well as having a well diversified holding of investors. Distorting the price discovery , although left to the markets does not mean that at the cost of Retail investors hard earned money going down the drain & eventually turning them away from the secondary capital markets.

How the super-rich are distorting merchant banks’ IPO price discovery efforts

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