Discuss why IPOs appear to generate abnormal returns for investors. Are these returns a sure thing? What

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Discuss why IPOs appear to generate abnormal returns for investors. Are these returns a "sure thing"? What are the economic implications of these high returns for IPO issuers?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 02:54 AM

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Discuss why IPOs appear to generate abnormal returns for investors. Are these returns a sure thing? What

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It appears that underwriters often set a securitys offering price below the securi...View the full answer

Fundamentals of Investments

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