The recent rally in the stock market saw many companies coming up with their IPOs. The past 3 years broken into 1-year buckets Source: Ace Equity, Equentis Research IPOs from different sectors Source: Ace Equity, Equentis Research In the past 3 years, 143 mainboard IPOs have come for listing. Returns from issue price and listing price Source: Ace Equity, Equentis …
As investor interest in initial public offers has swelled on the back of a wave of liquidity unleashed by central banks, some investors have been able to ride its crest, but many have crashed and drowned. As my previous column noted, the economic argument for investing in IPOs during ‘hot’ issuance waves is dubious and both long- and short-term strategies …
