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Part A) Which is NOT an IPO puzzle? Huge price spikes in the first couple trading days Underperformance in the long run Extreme IPO market

Part A) Which is NOT an IPO puzzle?

  1. Huge price spikes in the first couple trading days
  2. Underperformance in the long run
  3. Extreme IPO market cycles
  4. Hiring underwriters to do the job

Part B) Which is NOT an SEO puzzle?

  1. Negative market reaction on average upon SEO announcements
  2. Long-run underperformance
  3. Very costly to hire underwriters
  4. Extreme SEO market cycles

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