WHEN ITS HOT AND FIREY!IPOs only and only come in hot and bull market. Why? So that they can obtain the highest price.
MERCHANT BANKERS AIN’T YOUR FRIENDInvestors forget that Merchant Bankers are selling agents of the issuers. And many times they are also given extra fee for performance selling over and above fixed fee.Merchant/Investment banking is a cream business. So many are in race to get mandates for IPOs from issuer companies. They will do...
