first day's closing price
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement May 21, 2026 by Rory O'Driscoll · across every show →
Everything said about first day's closing price, oldest first
May 21, 2026 negative
O'Driscoll: IPO returns are statistically negative when buying on day-one closing price
“The base rate return on IPOs, not from the day of the IP, not from the day of pricing, but from the first day's closing price, which is typically way above it, the base rate return on that is negative. One, six months, 12 months, one year. Yeah, two years, rig…”