Jay Ritter

Amateur traders’ euphoria leaves red-hot U.S. IPOs with money on the table

“University of Florida finance professor Jay Ritter said his analysis of IPOs of the last ten years showed that the most prolific underwriters – Goldman Sachs Group Inc, Morgan Stanley and JPMorgan Chase & Co Inc – underpriced IPOs the most compared with where shares started trading,” write Joshua Franklin and Krystal Hu. 

See more of what Ritter had to say in this story from Reuters.