nvestment bankers argue that "pop" at an IPO is great for the company. "Pop" occurs when the stock price jumps following the IPO. Investment bankers contend this is an expression of strong interest in the company's stock and is in effect free PR for the company. Evaluate this argument.

nvestment bankers argue that "pop" at an IPO is great for the company. "Pop" occurs when the stock price jumps following the IPO. Investment bankers contend this is an expression of strong interest in the company's stock and is in effect free PR for the company. Evaluate this argument.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 26CYBK

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Investment bankers argue that "pop" at an IPO is great for the company. "Pop" occurs when the stock price jumps following the IPO. Investment bankers contend this is an expression of strong interest in the company's stock and is in effect free PR for the company. Evaluate this argument.

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