The tasty Abnormal Returns points us today to a piece by Matthew Goldstein over at TheStreet.com on LIPOs. It is notable both for its numbers and for its use of the term "LIPO" coined here on Going Private. Goldstein's short-term analysis (he only looks year to date) is a flaw however, in his article. It would be interesting to me to see if longer-term returns on IPOs are as dismal, particularly in light of other work I've done on the subject, or if they compare favorably to unlevered IPOs.