IPOs tend to be underpriced in short-run. That is to say, they go up on the first day of trading. In the longer-term (3-5 years) they tend up underperform their control groups.
FinanceProfessor
Education
IPOs tend to be underpriced in short-run. That is to say, they go up on the first day of trading. In the longer-term (3-5 years) they tend up underperform their control groups.
