1)Airbnb is planning its market debut this week, with its shares scheduled to begin trading Dec. 10. Last week, the company said it plans to sell 50 million new shares at an offering price of $44 to $50 a share. People familiar with the matter said Sunday that the company plans to boost the proposed price range to $56 to $60 a share. What does this tell you about the Airbnb IPO?

2)Discuss how the amount or degree of underpricing can affect the lead Investment bank.