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The Role And Responsibility Of Banks In The Ipo Issue Of Securities

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  • Aleksandar Zivkovic

Abstract

The main motive for share issuance is the collection of additional capital in order to facilitate the growth of the company, and decrease indebtedness. Initial public offer is the first issuance of shares in a company, eg the mechanism of capital collection by issuing shares to the public. Since the IPO process is extremely complex and time-consuming, it involves a large number of internal and external team members such as financial consultants, legal consultants and marketing advisors. Nevertheless, there are three main phases in the IPO process as follows: the preparatory phase, implementation phase and stabilization phase. Banks as financial consultants perform most of the preparatory phase, and through the form of underwriter in the implementation of public offer.Taking liability for the quality of IPOs

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  • Aleksandar Zivkovic, 2010. "The Role And Responsibility Of Banks In The Ipo Issue Of Securities," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 6(11), pages 27-34.
    • Handle: RePEc:mje:mjejnl:v:6:y:2010:i:11:p:27-34
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