y

Which of the following is true concerning the performance of Initial Public Offerings in the stock market?

Group of answer choices

Companies generally issue secondary offerings before an IPO

In the financial life cycle, an IPO comes before venture capital funding

On average, IPOs perform better then the overall market and peer companies over the long-term (3-5 years)

The average first-day return of IPO offerings is 15%

An IPO is a secondary market transaction and the issuing firm does not receive the proceeds