Question: Initial Public Offerings typically have a 17% return on average during the first day of trading. Provide two opposing viewpoints that explain why this may

Initial Public Offerings typically have a 17% return on average during

Initial Public Offerings typically have a 17% return on average during the first day of trading. Provide two opposing viewpoints that explain why this may be the case: one that is posited more frequently by academic researchers and one that is a likely counterargument from professionals working in investment banks

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