Question
Many IT companies paid no dividends in their early years. However, they still had significant demand from the market for an IPO and appreciating stock
Many IT companies paid no dividends in their early years. However, they still had significant demand from the market for an IPO and appreciating stock prices! Would the absence of dividends over many years but a high stock price seems contradictory to finance theory?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
