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Evaluating the Riskiness of Initial Public Offerings: 1980-2000
The report from the Federal Reserve Bank of New York offers possible explanations for the riskiness of initial Public Offerings (IPOs). The author employs two approaches to investigate the post-issue riskiness of IPOs for the 1980-2000 period.
Link
http://www.newyorkfed.org/research/staff_reports/sr167.pdf