IPOs are very cyclical. In some years, there are large numbers of IPOs; in other years, there
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IPOs are very cyclical. In some years, there are large numbers of IPOs; in other years, there are very few. Why is this cyclicality a puzzle?
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This cyclicality is ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0321818171
2nd Canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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