According to multiple studies by Ritter, initial public offerings tend to exhibit ________ performance initially and ________ performance over the long term.

Name: According to multiple studies by Ritter, initial public offerings tend to exhibit ________ performance initially and ________ performance over the long term.
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According to Ritter's studies, IPOs tend to have good initial performance, but this eventually tapers off to bad long-term performance.

According to Multiple Studies by Ritter, Initial Public Offerings Tend