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IPOs tend to be underpriced in short-run. That is to say, they go up on the first day of trading. In the longer-term (3-5 years) they tend up underperform their control groups.
By jim maharIPOs tend to be underpriced in short-run. That is to say, they go up on the first day of trading. In the longer-term (3-5 years) they tend up underperform their control groups.