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Investors Able To Distinguish Between Companies That Are And Are Not Alibaba

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The thrill of the IPO, it seems, goes only so far.

Of the 13 U.S.-listed IPOs last week, five priced below range and two above range, according to Dealogic. Meanwhile, the average one-day return for U.S.-listed IPOs post-Alibaba is 8%, compared to the 13% average one-day return for IPOs year-to-date….

Alibaba Seems So Long Ago: IPOs Hit Rough Patch [WSJ MoneyBeat blog]