عنوان مقاله [English]
The return of Initial Public Offerings (IPOs) in short and long term, were always noticed by market Analysts. In Iran and after policies Asle 44 announcement by supreme leader, IPOs intensified by entering government's firms to Tehran stock markets. In this research, we compared the short and long term return of Asle 44 IPOs with other IPOs and market return. The results showed that short term return(20 days) of Asle 44 IPOs is positive and more than market short term return, but displayed no difference with other short term IPOs return. Furthermore, the long term return of Asle 44 IPOs (annual return) is positive and more than other IPOs return, but has no considerable difference with market long term return.