Q3. XYZ Ltd.’s IPO was severely under-priced based on the first day’s closing price. How would it affect your thinking t

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answerhappygod
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Q3. XYZ Ltd.’s IPO was severely under-priced based on the first day’s closing price. How would it affect your thinking t

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Q3. XYZ Ltd.’s IPO was severely under-priced based on the first
day’s closing price. How would it affect your thinking to know
that at the time of the IPO, XYZ was only looking for gold and did
not have any revenue from its operations?
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