A Dissection of Bookbuilt IPOs: Subscriptions, Underpricing, and Initial Returns

He later took up a lectureship in finance at the same school. Currently he is a senior lecturer at Manchester Business School, University of Manchester. Arif's current research interests include studies of initial public offerings (IPOs), determinants of institutional ownership, corporate governance, venture capital exits, share repurchase programmes and performance of closed-end funds. He has published in the Journal of Business Finance and Accounting, Journal of Financial Intermediation, International Review of Law and Economics and European Journal of Finance. He has also contributed a few book chapters. His research has been covered by the Investors Chronicle, The Times, Reuters and The Nation (Thai newspaper). His first book on IPOs is due in winter 2010. Arif has acted as an external consultant to the UK Financial Services Authority (FSA) and the British Venture Capital Association (BVCA).