d) Snowflake (SNOW),provides cloud-based data platform in the United States and internationally, issued its IPO on September 16, 2020. The offer price and the first day closing price was $120 and $253.93, respectively. The company sold 28 million of shares. i) What was the first day initial return for the IPO; ii) What was the money left on the table for the IPO? iii) Check the closing price of SNOW on the day or the day before you work on this assignment and use it to calculate the percentage change in stock price from the offer price.