IPOs are novel and interesting
That makes them a good story; and in bull markets, at least, good stories mean rising stock prices and good returns. If ever a market demonstrated these simple truths, it was the domestic US market in 1995. As American investors rediscovered the delights of investing at home, there was more than enough money available for those new issues that caught their attention. Neil Stewart looks at the various elements of an IPO, including pricing, valuation and the all- important roadshow; and profiles the
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