The IPO Market Has the Best of Times in the Worst of Times
2020 was a year to forget for many people, but it was unforgettable for IPO investors who benefitted from both the number of IPOs and their outsized average returns. While the COVID-19 pandemic sent global markets into a nosedive in March, the IPO window did not stay shut for long, and activity resumed at a rapid pace in the second half...
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