Question
A stock A just completed an IPO. The offer price was $33.00 per share. The closing price on the first day trading was $43.30 per
A stock A just completed an IPO. The offer price was $33.00 per share. The closing price on the first day trading was $43.30 per share. Stock B also just completed an IPO. The offer price was $19.00 per share. The closing price on the first day of trading was $16.90 per share. What was the average rate of return on the first day of trading for these two IPOs.
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Emerging Markets And The Global Economy A Handbook
Authors: Mohammed El Hedi Arouri, Sabri Boubaker, Duc Khuong Nguyen
1st Edition
