Go to https://www.ipohome.com, and find (under IPO Marketwatch, then Pricings) information about firms that went public in the first few weeks of 2008.
Write down the ticker symbols and offer prices for the firms you select; then go to Yahoo! and download daily price quotes since the IPO date. For each firm, calculate the following:
a. The first-day percentage return, measured from the offer price to the closing price.
b. The first-day percentage return, measured from the opening price to the closing price.