What is the general long-run performance of an IPO?
What will be an ideal response?
Answer: The long-run performance, such as three to five years, for an IPO is poor. That is, on average, a three- to five-year buy-and-hold strategy appears to be a bad investment.
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A change in accounting principle from one that is not generally accepted to one that is generally accepted should be treated as
A) an error and corrected by prior period adjustment. B) a change in accounting principle and the cumulative effect included in net income. C) a change in accounting principle and prior period financial statements are restated. D) a change in accounting principle and adjustments made prospectively.
Millie needs to research customer reactions. She should consider a blog because blogs can produce unbiased consumer feedback more quickly and cheaply than familiar techniques like focus groups and surveys
Indicate whether the statement is true or false