Reference no: EM133149023
Discussion
Question
For this discussion forum,
• Discuss the evolution of the securities markets, including the impact of the NASDAQ, CME, ECNs, and foreign exchanges.
• Explain the role of securities markets in the efficient allocation of capital among issuers and investors based on the efficient market hypothesis.
• Evaluate if the presence of dark pools enhances or reduces capital market efficiency.
• Finally, find a real-life company that has made raised capital in 2020 and discuss the method used. If possible, try to select a company that a fellow student has not already selected.
Question 2
For this discussion forum,
• Compare the advantages and disadvantages of using a Dutch Auction to a traditional underwriting method for an IPO.
• Identify one real-life IPO that occurred in 2020. Try to select a company that a fellow student has not already selected.
• For this one IPO, determine the following:
o The initial price
o The stock price at the end of the first day of trading
o The stock price at the end of 10 days of trading
o The stock price at the end of 30 days of trading
• State the following in your post:
o The total amount of the offering
o The number of shares offered
o The underwriter
o The fees for the IPO
• Evaluate the success of this IPO from the perspective of the issuer; the underwriter, and investors.