In a recent Economist Espresso, there was an article titled Explosive potential: the IPO boom. (For details, go here.)
To summarize what we said, what the evidence shows is that with most IPOs, the average first-day returns are about 18% with no losses historically. Not one!
Three years later, the average historical return is a negative 18.7%, with almost no positive returns. Almost none!
We are talking about a review of over 8,000 IPOs here!
Where is the value?You need to login to view the rest of the content. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us