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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.

Ritzau Scanpix/Philip Davali
Photo: Ritzau Scanpix/Philip Davali

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