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In April 2019, company VanCool offered 1.5 million shares for sale in an IPO. The offering price to the public was $60 and the underwriters

In April 2019, company VanCool offered 1.5 million shares for sale in an IPO. The offering price to the public was $60 and the underwriters received a spread of 7%. The issue was heavily oversubscribed and on the first day of trading the stock price rose to $139.

A. What were the proceeds to the company?

B. How much commission did the underwriters receive?

C. What was the cost of the underpricing?

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