Torn between work colleague David and the gorgeous sales man George, Emma goes on holiday with David to give their relationship a chance, but thoughts of George are never far from Emma's mind. And then when George makes an unexpected appearance at the hotel bar he has Emma getting hot in more ways than one. Can after sun cream and a couple of beers repair their romance, or is the sun going to set on their relationship.
Initial public offerings (IPOs) play a crucial role in allocating resources in market economies. Because of the enormous importance of IPOs, an understanding of how IPOs work is fundamental to an understanding of financial markets generally. Of particular interest is the puzzling existence of high initial returns to equity IPOs in the United States and other free-market economies.
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