IPOs' day-one drop not always a flop in long run

HOW important is first-day share price performance as a metric to gauge the success, or failure, of a new listing?

Investors and financial media often use the day-one "pop or drop" to determine how well an initial public offering (IPO) has performed.

This explains the headlines published after shares of ride-hailing company Uber Technologies crashed more than 7 per cent on its first trading day.