Abstract
Since February 1983, France has experienced a new section on its equity market known as “Second Marché” which followed the creation of the London Unlisted Securities Market. The objective of the promoters of the “Second Marché” was to accomodate medium sized companies with a capital market of their own which could help them fulfill their financial needs and development. Compared with the official market “Cote Officielle”, the rules of the “Second Marché” for initial public equity offerings (IPO’s thereafter) are indeed much looser.
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© 1989 Springer-Verlag Berlin Heidelberg
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Husson, B., Jacquillat, B. (1989). French New Issues, Underpricing and Alternative Methods of Distribution. In: Guimarães, R.M.C., Kingsman, B.G., Taylor, S.J. (eds) A Reappraisal of the Efficiency of Financial Markets. NATO ASI Series, vol 54. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-74741-0_21
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DOI: https://doi.org/10.1007/978-3-642-74741-0_21
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