Brokerage House Initial Public Offerings and Analyst Forecast Quality

The authors thank John Hand, Melissa Lewis-Western, James Myers, Katherine Schipper (FARS discussant), Jake Thornock, and workshop participants at the 2019 FARS Editors’ Picks Plenary Session, HKUST, University of California Irvine, University of North Carolina Chapel Hill, London Business School, University of Tennessee, Brigham Young University, Idaho State University, Singapore Management University, the 2021 McGill Accounting Research Conference, and the 2018 University of British Columbia, Oregon, and Washington Conference for helpful comments and suggestions. Brady Twedt’s current affiliation is James Benjamin Department of Accounting at Mays Business School, Texas A&M University, College Station, Texas 77843.