2. An investment bank just completed an IPO as the lead underwriter. It was a $360 million IPO, with shares priced at $15 each. The lead underwriter received a spread of 425 bp plus 35 bp for expenses, and was allocated one-third of the shares offered. The selling group of banks received 300 bp, and were allocated the remaining two-thirds of the shares offered. How many shares were offered in the IPO, and what was the firm's proceeds? 24,000,000; $343.44 m b. How much does the lead underwriter net for the IPO? $9.36 m a