A companys first public equity issue is called an IPO for initial public offering. IPOs are generally
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A company’s first public equity issue is called an IPO for initial public offering. IPOs are generally underpriced. That is, the stock price in the aftermarket is normally above the issue price.
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Related Book For
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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