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In June 2019, Forgefast PLC completed an IPO on the Alternative Investment Market (AIM), a section of the London Stock Exchange for small companies. Forgefast

In June 2019, Forgefast PLC completed an IPO on the Alternative Investment Market (AIM), a section of the London Stock Exchange for small companies. Forgefast sold 20,000,000 shares at an offering price of 5 with an underwriting discount of 0.35 per share. The closing price of Forgefast shares on the first day of trading on the secondary market was 6.20, and 170,460 shares outstanding.

a. Calculate the total proceeds obtained from Forgefast's IPO.

b. Calculate the underwriter's discount percentage.

c. Calculate the net proceeds for the Forgefast IPO.

d. Calculating Forgefast's IPO underpricing.

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