If your financial advisor promised you two to three years of S&P 500 returns in one day, would you believe him? Me neither, and yet according to Jay Ritter, finance professor at the University of Florence, the average first day returns for IPOs (or Initial Public Offerings) in 2020 exceeded 40%
Chasing The Fabled “IPO Pop”
Chasing The Fabled “IPO Pop”
Chasing The Fabled “IPO Pop”
If your financial advisor promised you two to three years of S&P 500 returns in one day, would you believe him? Me neither, and yet according to Jay Ritter, finance professor at the University of Florence, the average first day returns for IPOs (or Initial Public Offerings) in 2020 exceeded 40%