One of the major concerns, when a company goes public, is whether they have a clear path to profitability. Sometimes, that path can appear cloudy because of the number of factors at play: lack of liquidity, market volatility and other factors unrelated to the operating performance of the issuer.

Instead of guessing we believe there might be a better way for investors to approach IPOs.

Download our research paper investigating the relationship between Free Cash Flow and Post-IPO Returns below.