
	Academic Sessions


	Session 43 - Structuring IPOs Friday, August 23, 14:30 - 16:00, Room D Chairperson: Ruud van Frederikslust (Erasmus University Rotterdam) Presentations Are Initial Return and IPO Discount the Same Thing? A Comparison of Direct Public Offerings and Underwritten IPOs Tai Ma (National Sun Yat-sen University) Pei Ru Tsai (National Sun Yat-sen University) Discussant: Francois Derrien (University of Toronto) Issuers, Underwriters and Institutional Investors: Why They All Like the Book-building IPO Procedure Francois Derrien (University of Toronto) Discussant: Alexander Stomper (Universität Wien) Structuring the IPO: Empirical Evidence on the Primary and Secondary Portion Cynthia Van Hulle (Katholieke Universiteit Leuven) Nancy Huyghebaert (Katholieke Universiteit Leuven) Discussant: Wolfgang Aussenegg (Technische Universität Wien)

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