What's the difference amid fixed value IPO and book-built issue?

Typically you will have seen, if you appear at the historical drift in
current times, most of the banking IPOs have been fixed value IPOs. To
begin with the difference, a book-built IPO is one where a book is
opened and there are bids invited. There is a value level that is showed
- a lowest rate level and the higher close of the cost level.

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