Purpose -The purpose of this paper is to provide a unique approach to examining issues related to initial public offerings (IPOs). Design/methodology/approach -The price behavior of IPOs in new industries is analyzed relative to IPOs in established industries. Findings -The results show that...

Purpose – The purpose of this paper is to provide a unique approach to examining issues related to initial public offerings (IPOs). Design/methodology/approach – The price behavior of IPOs in new industries is analyzed relative to IPOs in established industries. Findings – The results show...