DB4

1.  

• Discuss the evolution of the securities markets, including the impact of NASDAQ, CME, ECNs, and foreign exchanges.
• Explain the role of securities markets in the efficient allocation of capital among issuers and investors based on the efficient market hypothesis.
• Evaluate if the presence of dark pools enhances or reduces capital market efficiency.
• Finally, find a real-life company that has raised capital in 202N and discuss the method used. If possible, try to select a company that a fellow student has not already selected.

Your initial response should be a minimum of 200 words. 1 credible scholarly reference

2. 

In this discussion forum,

• Compare the advantages and disadvantages of using a Dutch Auction to a traditional underwriting method for an IPO.
• Identify one real-life IPO that occurred in 202N. Try to select a company that a fellow student has not already selected.
• For this one IPO, determine the following:
  
  • The initial price
  • The stock price at the end of the first day of trading
  • The stock price at the end of 10 days of trading
  • The stock price at the end of 30 days of trading
• State the following in your post:
  
  • The total amount of the offering
  • The number of shares offered
  • The underwriter
  • The fees for the IPO
• Evaluate the success of this IPO from the perspective of the issuer, the underwriter, and investors. Reporting that your IPO was a “success” or a failure” is insufficient. You must provide support as to why you believe your IPO was a success or a failure.

Your initial response should be a minimum of 200 words. Cite as needed at least 1 reference scholarly