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B-Square Corp. (NasdaqNM: BSQR) went public on October 20, 1999. Its lead underwriter was Credit Suisse First Boston. The IPO prospectus listed the following information

B-Square Corp. (NasdaqNM: BSQR) went public on October 20, 1999. Its lead underwriter was Credit Suisse First Boston. The IPO prospectus listed the following information about shares outstanding and new investors:

Shares Purchased Number Percent Existing shareholders 28,076,916 87.5% New investors 4,000,000 12.5% Total 32,076,916 100%

B-Square issued 4,000,000 shares at a price to the public of $15.00/share, with the underwriting syndicate retaining $1.05 as fees. The final price at the end of the first day was $25.625. Based on the above information, answer the following: i) What were the total proceeds from this offering? ii) What proceeds were retained by B-Square? iii) What proceeds were retained by the investment banker? iv) What was B-Squares total market capitalization after the IPO? v) Calculate the under-pricing and money left on the table for B-Square.

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