Small Float IPOs Beat Bigger Floats in the Long Run, Study Finds

in 2013, Allen Michel, Newsmakers, School of Management, Wall Street Journal
December 11th, 2013

MichelAllenWall Street Journal (subscription required)
Allen Michel, School of Management

One bit of conventional wisdom about the hot initial public offering market is that smart companies are holding back shares in order to boost their after-market performance…

Expert quote:

“An investor who invests in the typical IPO would lose money [versus the market] over the long run.”

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