In this timely volume on newly emerging financial markets and investment strategies, Arvin Ghosh explores the intriguing topic of initial public offerings (IPOs) of securities, among the most significant phenomena in the United State stock markets in recent years. Ghosh specifically examines the pricing and financial performance of IPOs in the United States during the period 1990-2001, also covering recent IPOs (2004). This work at last brings forth the true nature and consequences of the recent IPO phenomenon responsible for shaping the economy in the most significant way possible in the last preceding decade.
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