Young and growing companies have a number of ways of raising the capital they need to initially expand and grow, from raising private funds to selling bonds. Given that you can't short IPOs, a trader's job is to figure out whether a new issue is worth buying for a short, intermediate, or long-term trade. The simulator sells stock on the first open-market day after the day lockup period and on the first open-market day of the second month of each quarter thereafter...
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