IPOs climb on the first trading day – but will disappoint in the long run, study finds
When an IPO is introduced to the market, the price usually climbs on the first trading day. But looking at the newly listed equity over a long period of time, their performance is weaker than the market in general, according to a CBS master's thesis.
When Netcompany was listed on the stock exchange in June, the price of the IT company climbed by 29.7 percent on the first trading day. This confirms – despite more fluctuations than usual – a general rule.
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