1. On average, IPOS appear to be underpriced: The price at the end of trading on the...

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1. On average, IPOS appear to be underpriced: The price at the end of trading on the first day is often substantially higher than the IPO price.

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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