The ability of the market to price high growth stocks is examined by analyzing the returns to simple investment portfolio strategies based on public information. The portfolios consist of shares in the firms listed in the Inc. 100 Ranking of the fastest growing public companies in America. The...

<title/> One hundred and sixty two venture-capital-backed internet and software companies were examined that floated IPOs in 1998 and 1999 to see how the quality of the venture capital firm and the quality of the underwriter affected market capitalization. It was found that companies backed by top...