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Prof. Alexander Ljungqvist on the Spanish lender Bankia's IPO

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Excerpt from Bloomberg -- "Individuals bought about 60 percent of the shares on sale in the IPO, Spain’s third-largest ever. Historically, about 30 percent of shares were sold to retail investors in IPOs, according to Alexander Ljungqvist, a finance professor at New York University’s Stern School of Business."

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Additional coverage appeared in Bloomberg Businessweek.