Question: Discuss why IPOs appear to generate abnormal returns for investors. Are these returns a sure thing? What are the economic implications of these high returns

Discuss why IPOs appear to generate abnormal returns for investors. Are these returns a "sure thing"? What are the economic implications of these high returns for IPO issuers?

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20. Discuss why ipo's appear to generate abnormal returns for investors. Are these returns a "sure thing"? What are the economic implications of these high returns for ipo issuers?

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