![Deja Vu #9: Pre-IPO Discounts Do Not Provide Valid Evidence for Marketability Discounts | Chris Mercer Deja Vu #9: Pre-IPO Discounts Do Not Provide Valid Evidence for Marketability Discounts | Chris Mercer](https://i0.wp.com/chrismercer.net/content/uploads/2022/07/pre-ipo-1a.jpg?ssl=1)
Deja Vu #9: Pre-IPO Discounts Do Not Provide Valid Evidence for Marketability Discounts | Chris Mercer
![Table 1.1 from Returns on initial public offerings (IPOs) on the Johannesburg Securities Exchange (JSE): success and failure patterns | Semantic Scholar Table 1.1 from Returns on initial public offerings (IPOs) on the Johannesburg Securities Exchange (JSE): success and failure patterns | Semantic Scholar](https://d3i71xaburhd42.cloudfront.net/196e313281f3d65dad63f5a41a6271114f938fe6/32-Table1.1-1.png)
Table 1.1 from Returns on initial public offerings (IPOs) on the Johannesburg Securities Exchange (JSE): success and failure patterns | Semantic Scholar
![Trend of IPO opening prices in the first 20 days after listing. Average... | Download Scientific Diagram Trend of IPO opening prices in the first 20 days after listing. Average... | Download Scientific Diagram](https://www.researchgate.net/publication/284888766/figure/fig2/AS:669110102921224@1536539688405/Trend-of-IPO-opening-prices-in-the-first-20-days-after-listing-Average-opening-price-is.png)