The aftermarket performance of initial public offerings: New evidence from an emerging market.

PLoS One · 2022 · PMC9394850 · PMID 35994480

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an increasing trendno p-value reported

During BHR480 and BHR720 , performance shows positive returns for IPOs issued at the time of negative SENT and returns show an increasing trend over the long-term for the negative SENT category.

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a positive trendno p-value reported

Long-term hot issues perform well and generate positive abnormal returns throughout BHR240–BHR720 , with a positive trend of increasing returns over longer periods.

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