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Airbnb started trading on the Nasdaq on December 10 th , 2020. The IPO price was set at $68 per share. In the first trading

Airbnb started trading on the Nasdaq on December 10th, 2020. The IPO price was set at $68 per share. In the first trading day the stock hit a high of $165 and closed at $144.71. Calculate the amount of underpricing (%) and provide your calculations.

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