Study Shows Auction IPOs Don't Catch on Abroad

Auction IPOs have not caught on in the US, although proponents assert that they produce higher prices for the sellers and give small investors a fairer chance to invest in IPOs.  According to a recent study by a finance professor at Notre Dame, auction IPOs have been tried in 20 countries but ultimately the traditional IPO book-building process prevails as the more successful model.   See WSJ, Bid to Shake Up IPOs Falls Short.