Read the following article:Why Has IPO Underpricing Changed Over Time? Tim Lough

Read the following article:Why Has IPO Underpricing Changed Over Time? Tim Loughran and Jay Ritter* Financial Management Autumn 2004 pages 5 37http://bear.warrington.ufl.edu/ritter/publ_papers/Why%20has%20IPO%20Underpricing%20Changed%20Over%20Time.pdfWrite an essay (1-2 pages long) explaining your understanding why has IPO underpricing changed over time.Conduct additional research necessary to support your discussion statements. Cite all sources of information you use. All written assignments and responses should follow APA rules for attributing sources.