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Jay Ritter, who teaches finance at the University of Florida, takes the argument further.
ECONOMIST: Buttonwood
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Jay Ritter, another respected academician, is best known for his work on IPOs.
FORBES: Financial Engines Is A Sharpe IPO
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"Retail is a mature industry that tends to grow at the pace of the economy, " says University of Florida finance professor Jay Ritter.
FORBES: J. Crew Weighs Anchor
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This doesn't mean many mutual-fund managers won't try to cash in on a post-IPO pop, said University of Florida finance professor Jay Ritter, who studies IPOs.
WSJ: The Facebook Flip: Funds Exit Early
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Jay Ritter, a professor of finance at the University of Florida and an expert on IPOs, said Facebook serves as a useful reminder that unpredictable things happen in the IPO market.
WSJ: For Advisers, Facebook Proves a Cautionary Fail
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The law was enacted in 2002 and Jay Ritter at the University of Florida has put together data that shows the number of U.S. IPOs was lower in every year afterwards than in every year of the decade from 1991 to 2000.
FORBES: Peekaboo: I See No IPOs