Initial public offerings (IPOs) are usually _____ relative to market price of the stock traded in the secondary market immediately after IPOs.
A) over priced
B) correctly priced
C) under priced
D) mispriced but without any particular bias
Answer: C
Initial public offerings (IPOs) are usually _____ relative to market price of the stock traded in the secondary market immediately after IPOs.
A) over priced
B) correctly priced
C) under priced
D) mispriced but without any particular bias
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.