What is the difference between Fixed Price Issue and Book Built Issue?

asked Saturday, August 4, 2018

As the name suggests, a 'Fixed Price Issue' is an Initial Public Offering (IPO) where the issuer at the outset decides the issue price & mentions it in the offer document. In a 'Book Built Issue' the price of an issue is discovered on the basis of demand received from the prospective investors at various price levels.

answered Saturday, August 4, 2018

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