The underlying rationale behind the IPOX Indices is the classification of IPOs from
the rest of the market for a long period in aftermarket trading. As ample evidence
from academia suggests, IPOs bear unique empirical return dynamics up to 4 years
after the ‘going public’ event. Whether it is for the purpose of obtaining financing for
growth opportunities, for enhancing a company’s image and increasing its publicity
and public exposure, for motivating managers and other employees or for cashing in
by selling off the financial interest in the company, going public has unique and dis-
tinctive long-run impacts on the fundamental development of a company ...
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