IPO / New-Issue Strategy
A rules-based way to join — or deliberately fade — new listings, built on two anomalies: IPOs tend to be underpriced for a listing pop, yet as a group they underperform over the following few years.
A rules-based way to join — or deliberately fade — new listings, built on two anomalies: IPOs tend to be underpriced for a listing pop, yet as a group they underperform over the following few years.