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How the VCs Did It

Traders Magazine, May 2001

Colleen Marie O'Connor

When Gordon Hanka decided to study IPO lockups, he wasn't in it for the glory of a polished research paper published in April's Journal of Finance.

The assistant professor of finance at the Penn State Smeal School of Business was acting as an investor - curious and frustrated with the price dips that follow IPO lockup expiration dates.

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