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IPOs and first day returns

journal contribution
posted on 2006-12-01, 00:00 authored by Bill Dimovski
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.

History

Journal

Engineering management

Volume

16

Issue

6

Pagination

24 - 27

Publisher

Institution of Engineering and Technology

ISSN

0960-7919

eISSN

1741-0487

Publication classification

CN.1 Other journal article

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