Long run returns on IPOs
From 2001-2014 the 3 year buy-and-hold returns at the IPO closing price equalled that of the market as a whole (+22%). But from 1980-2000 they did worse. See table 18.
From 2001-2014 the 3 year buy-and-hold returns at the IPO closing price equalled that of the market as a whole (+22%). But from 1980-2000 they did worse. See table 18.