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April 18, 2007



IPO also tend to be most widespread near market peaks when investors are at their
most irrational exuberance.

I use to wonder how a fund would do it it specialized in buying 3 to 5 year old IPOs.


Not being in the country presently, I don't know but would you say Debenhams is in trouble?

Marcin Tustin

Isn't there likely to be a survivorship bias for the whole equity market, compared with "new" companies?

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