Question: Case 4A: Palm IPO: Write a short report (not more than 5 pages, double-spaced), developed around the following: Explain whether any of the three IPO
Case 4A: Palm IPO:
- Write a short report (not more than 5 pages, double-spaced), developed around the following:
- Explain whether any of the three IPO phenomena (hot issue market, initial underpricing, and long-term underperformance) apply in regard to the Palm IPO.
- Is the Palm IPO an extreme case or is the observed scenario common?
- Explain whether Palm and 3Com were efficiently priced on Palms first day of trading.
- Analyze the assessment of Palm made by analyst Paul Sagawa.
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