Question

what is book building in financial management ?​

Answer 1

Answer:

Hope will be right answer

Answer 2

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♻Book building is a process of price discovery.

♻It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price.

♻ In case of the latter, the price is decided in the beginning and investors buy the shares at that price.