Investment bankers are fond of saying that the task of pricing and allocating an initial public offering “is more art than science”. It's also often surmised that artificial intelligence won't be able to find success in art because it will never be able to replicate human creativity.
That might be wishful thinking, but assuming it's true, does that mean that AI can never replace the role of bankers in IPO pricing and allocation
The answer is probably not.
Capital markets and investment banking are driven by data and data is growing at a massive pace. This suggests that the industry is poised to...
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