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Synopsis Public listings in the latter half of the year gave an average gain of 35 per cent on the first day, besting previous records set in an era in which smart-phones didn’t virtually exist, Facebook was still trying to edge out the now dead Orkut, and Whatsapp wasn’t yet born. Agencies “While HNIs make money from the listing premium, the lenders will make a neat profit with a 3-4 per cent spread,” said an investment banker. Mumbai: Annus Horribilis: That’s how the future generations might recall 2020. But not those that backed IPOs to the hilt: Their first-day-first-show yields were blockbusters by even the stiffest metrics, giving investors sufficient reason to remember more fondly a calendar year that most others would love to forget quickly. ....