Question
An investment bank offers underwrites an IPO of up to 18.5m shares for ABC Company at a price of $12.50 per share. Show the $
An investment bank offers underwrites an IPO of up to 18.5m shares for ABC Company at a price of $12.50 per share. Show the $ return to the investment bank under both scenarios:
1. The 18.5m shares sell at $13.25 per share.
2. What happens if the IPO price is overstated and the shares sell for $12.25 per share?
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An Internal Audit
Authors: Mette Marx
1st Edition
0998140910, 978-0998140919
