75% IPOs show positive returns in past year: Does IPO investing generate alpha?

Amidst a recent market rally and mixed IPO performances, a pivotal question arises: Can IPO investments outperform in a market where benchmark returns have been subdued for the past two-thirds of the last three years?

75% IPOs show positive returns in past year: Does IPO investing generate alpha?
Amidst a recent market rally and mixed IPO performances, a pivotal question arises: Can IPO investments outperform in a market where benchmark returns have been subdued for the past two-thirds of the last three years?