Figure 2From: Underpricing, underperformance and overreaction in initial public offerings: Evidence from investor attention using online searches Long-term cumulative returns for the low and high attention IPOs. The average cumulative log-returns: first day closing price to the (1) closing price one year, (2) half a year (3) and 91 days after IPO; and the closing price one month after IPO to (4) the closing price one year (5) and half a year after IPO.Back to article page