Initial public offering A Brazilian company called Netshoes completed its IPO on

April 12, 2017, and listed on the NYSE. Netshoes sold 8,250,000 shares of stock to

primary market investors at an IPO offer price of $18, with an underwriting discount

of 6.5%. Secondary market investors, however, were paying only $16.10 per

share for Netshoes' 31,025,936 shares of stock outstanding.

a. Calculate the total proceeds for Netshoes' IPO.

b. Calculate the dollar amount of the underwriting fee for Netshoes' IPO.

c. Calculate the net proceeds for Netshoes' IPO.

d. Calculate market capitalization for Netshoes' outstanding stock.

e. Calculate IPO underpricing for Netshoes' IPO.

f. Explain the IPO underpricing for Netshoes