Hoping to Make a Splash on Wall Street? Better Check the Forecast for the IPO ‘Window’
The IPO window has “slammed shut.” Wait, now it’s open “at least a crack.” Hang on, some say the “IPO window is always open for good companies.”
When it comes to measuring how heartily investors will welcome initial public offerings, bankers, analysts and reporters can’t resist citing the metaphorical “window” that opens and closes.
But when did window watching become one of Wall Street’s favorite sports? And why a window—why not a door?
Cordell Eminent Scholar Jay Ritter shares his insights with the Wall Street Journal.
