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PowerPoint slides of Average First-day Returns and Volume, by Year, for Germany, Italy, Japan, the US, Singapore, and

PowerPoint slides of Average First-day Returns and Volume, by Year, for Germany, Italy, Japan, the US, Singapore, and Sweden through 2011. Prof. Jay R. Ritter University of Florida November 2012. Number of Offerings and Average First-Day Returns on German IPOs, 1980-2011.

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PowerPoint slides of Average First-day Returns and Volume, by Year, for Germany, Italy, Japan, the US, Singapore, and

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  1. PowerPoint slides of Average First-day Returns and Volume, by Year, for Germany, Italy, Japan, the US, Singapore, and Sweden through 2011 Prof. Jay R. Ritter University of Florida November 2012

  2. Number of Offerings and Average First-Day Returns on German IPOs, 1980-2011

  3. Number of Offerings and Average First-day Returns on Japanese IPOs, 1980-2011

  4. Number of Offerings and Average First-day Returns on Italian IPOs, 1980-2011 Source: Silvio Vismara and others; returns for 1980-1984 are missing

  5. Number of Offerings and Average First-day Returns on US IPOs, 1980-2011

  6. Number of Offerings and Average First-day Returns on Singaporean IPOs, 1980-2011

  7. Number of Offerings and Average First-day Returns on Swedish IPOs, 1983-2011

  8. Data for Japan comes from Fukuda; Dawson & Hiraki; Hebner & Hiraki; Pettway & Kaneko; Hamao, Packer & Ritter; and http://www.fbc.keio.ac.jp/~kaneko/KP-JIPO/top.htmData for Italy provided by Arosio, Giudici & Paleari; Cassia, Paleiri, & Redondi; and Silvio VismaraData for Germany comes from Ljungqvist; Rocholl; Dealogic; and VismaraData for Singapore comes from Lee, Taylor, & Walter; Dawson, and DealogicData for Sweden comes from Adri de Ridder and othersData for the US comes from Dealogic and Thomson Financial’s new issues databasesIn general, the number of IPOs excludes closed-end funds, unit trusts, and REITs. Penny stocks are excluded for the U.S., as are ADRs. The counts normally include companies going public in that country, rather than companies from that country going public (this matters if a German company goes public in London).

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