I'm looking for data on the size of buy-ask spread of stocks after they go onto the secondary market on the day of their IPO. The only thing I've found through Googling is a book that (I think) misinterprets an academic article, and claims that the average spread over the first day is 3% of the...
Hopefully this isn't too basic of a question, and I've posted in the correct place.
I've found that certain stocks average 1.5% growth on IPO day. That is, the day that certain stocks first put shares onto the market, the price goes up by 1.5% between the market open and the end of day price...