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Are IPOs Really Attractive for Everyone?

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Are IPOs Really Attractive for Everyone?

Finding the main factors that decide the short-term

and long-term performance of IPOs

Feng Li

Faculty of Economics

University of Groningen

Under the supervision of

Mark Helmantel

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Appendix 1: Figures

Figure 1: Numbers of IPO Included in the Test Sample

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Figure 3: Comparison of Industry Distribution from 1998 to 2003

Industry Distribution in Each Year

0 10 20 30 40 50 60 70 80 1998 1999 2000 2001 2002 2003 1*** 2*** 3*** 4*** 5*** 6*** 7*** 8*** .com

Figure 4: Industry Distribution in Hot & Cold Markets

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