Flash Fact: During The Internet Bubble, The Average First Day Return From An IPO Was 65%


“The average first-day return on initial public offerings (IPOs) increased from 7% in the 1980s to 15% during 1990-1998, before jumping to 65% during the Internet bubble years of 1999-2000 (see Loughran and Ritter (2002, 2004))”.


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