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Keywords: Cheap stock
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2024) 50 (10): 1815–1836.
Published: 16 September 2024
... the Securities Act imposes an important constraint on a firm’s flexibility to issue cheap stock or options to insiders and employees. Firms must disclose in an IPO prospectus the terms of the sale or grant and the sale/grant date aggregate fair market value for each equity transaction within the past five years...
