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Author Question: Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists? (Read 58 times)

Capo

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on: Jul 9, 2019
Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists?
◦ The long-run performance of a newly public company (three to five years from the date of issue) is superior to the overall market return.
◦ The costs of the IPO are very high, and it is unclear why firms willingly incur such high costs.
◦ The number of issues is highly cyclical.
◦ On average, IPOs appear to be underpriced.
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by Capo on Jul 9, 2019

micaelaswann

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Capo

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Reply 2 on: Jul 9, 2019
Excellent

yeungji

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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