The Older the Company, The Better the IPO

摘要

It's best to respect elders when it comes to initial public offerings. A recent Ernst & Young study says the IPOs with the best stock performance in their early months are those of companies that have been around awhile.rnResearchers at the firm examined no companies that did IPOs in 2006 and the first half of 2007. Then they identified those that beat the Russell 2000, a small-cap stock index, in thernfirst half of 2007, with 65 making the cut to be deemed outperformers.