Holding onto initial public offerings shares for longer was not a winning strategy in 2018, as a study found IPOs increased by 8 per cent on average one month after listing, as opposed to 0.3 of a percentage point after three months on the ASX.
At the top end of town it was a dismal year for the IPO market, but investors in the junior companies which made their public debut saw some positive returns, at least at the start.