Question
In its initial public offering on September 27, 2017, Roku (sold 15,668,000 shares at $14/share. On September 28, the first day of trading on the
In its initial public offering on September 27, 2017, Roku (sold 15,668,000 shares at $14/share. On September 28, the first day of trading on the Nasdaq, the stock opened at $15.80 and closed at $23.50. How much money did Roku leave on the table? What was the first day return on the stock?
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Entrepreneurial Finance
Authors: Chris LeachJ LeachRonald Melicher
3rd Edition
0324561253, 9780324561258
