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When a firm first offers its stock to the public through an IPO, we often observe a first day pop in market prices. Who benefits?

When a firm first offers its stock to the public through an IPO, we often observe a first day pop in market prices. Who benefits?

Question 6 options: retail investors who buy in the aftermarket.

the long-term shareholders.

those who receive an initial allocation.

All of the above benefit.

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