Too risky for some, an exciting profit-making opportunity for others, initial public offerings (IPOs) attract diverse opinions from the investment community. IPOs tend to pop on their first day of trading amid the hype and anticipation for the stock, followed by a swoon in the days and weeks afterward. We decided to look at the second quarter IPOs which garnered the most support from the hedge fund community, and analyze how they performed on and after IPO day and what their future prospects look like going forward. Why do we pay attention to hedge fund sentiment? Most investors ignore hedge...