The Performance of Internet Firms Following Their Initial Public Offering

We find that initial returns were more favorable for Internet initial public offerings (IPOs) than non-Internet firm IPOs. Since the demise of the Internet sector, the underpricing of Internet-firm IPOs is not significantly different from other IPOs. Copyright 2002 by the Eastern Finance Association.

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Year of publication:	2002
Authors:	Johnston, Jarrod ; Madura, Jeff
Published in:	The Financial Review. - Eastern Finance Association - EFA. - Vol. 37.2002, 4, p. 525-550
Publisher:	Eastern Finance Association - EFA

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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