Betting on Rookies - A Study on the Performance of Swedish IPOs
An initial public offering, IPO, is the first offering of a company´s shares to the public. Multiple studies have shown that there are certain anomalies tied to IPOs as they often generate high returns on their first day of trading and underperform in the long-run. This paper investigates the occurrence of these anomalies on the Nasdaq Stockholm exchange during 2010-2016. The results indicate that