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Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million Given what you

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Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million Given what you know about the four IPO puzzles, which of the following is likely to be true Select one: @a. The price of the stock will be more than $15 at the close of the first trading day. b. The stock will perform very well compared to similar stocks in the long run (e. 3-5 years after the IPO). c. The cost of the IPO is substantially lower than the costs for most other security issues. O d. None of the answers is likely to happen

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