IPOs and first day returns

The views of Bill Dimovski, an economist from Deakin University, Australia, on investment strategies for investing in shares of established high-tech companies, longer-term interest earning bond, and field of initial public offerings (IPOs) are discussed. He says that returns from such investments vary annually while the long term historical average returns range from 6 % per year for bonds, to about 12 % per year for shares and property. The (IPOs) has gained popularity in finance researchers due to substantial returns made by investors. A company gets listed on the stock exchange and the shares of the company are able to be traded if the required amount of money for shares is raised. The empirical regularity is a significant anomaly in finance around global investors in IPOs, historically and on average making very large first day returns.