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Firm recently went public. It offered 3 0 , 0 0 0 shares and received net proceeds of $ 2 2 . 3 9 per

Firm recently went public. It offered 30,000 shares and received net proceeds of $22.39 per share. Firm Y served as the underwriter and sold 25 shares to the public at an offer price of $24.88 per share. What type of underwriting was this?
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