A Review of IPO Activity, Pricing, and Allocations
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We review the theory and evidence on IPO activity: why firms go public, why they reward first-day investors with considerable underpricing, and how IPOs perform in the long run. Our perspective on the literature is three-fold: First, we believe that many IPO phenomena are not stationary. Second, we
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美国国家经济研究局创建时间：
2002-02-01
