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A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Netshoes sold 8,190,000 shares of stock to primary
A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Netshoes sold 8,190,000 shares of stock to primary market investors at an IPO offer price of $19.53. Secondary market investors, however, were paying only $14.43 per share for Netshoes's stock. a. Calculate the gross proceeds for Netsoes's IPO. b. Calculate the underpricing for Netshoes's IPO. c. Explain the IPO underpricing for Netshoes. d. How much money was left on the table in Netshoes's IPO? a. The gross proceeds for Netshoes's IPO is $ (Round to the nearest dollar.)
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