What is the role of investment bankers in an IPO?
Well the investment bankers are charged their primary responsibility is distributing the securities to the public But they also have a responsibility to do their own due diligence on the public company or soon to be public company And they help with what's called price discovery So they help set the price of the securities Companies always want to sell their securities their shares for the highest price possible The public wants to buy it for the lowest price possible The underwriter or the investment bank involved their role is really to mediate between those 2 groups and make sure that there's a fair price out to the public
Louis Taubman
Managing Partner
LOUIS TAUBMAN
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Louis Taubman is a partner in the New York office of Hunter Taubman Fischer & Li. Mr. Taubman’s practice concentrates on securities law, corporate finance and corporate governance. Mr. Taubman represents issuers, broker dealers and investors in connection with private and public financing transactions, mergers and acquisitions, corporate governance and SEC compliance. Mr. Taubman currently provides advice to various issuers with regard to their continued Securities Exchange Act of 1934 reporting requirements, as well as related issues of corporate compliance and governance. Mr. Taubman also assists issuers with regard to initial listing on the Nasdaq, NYSE-MKT, OTCQX and other markets and exchanges, as well as ongoing compliance with exchange listing requirements.