Initial public offeringA Brazilian company called Net shoes completed its IPO on April 12, 2017, and listed on the NYSE. Net shoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, with an underwriting dis-count of 6.5%. Secondary market investors, however, were paying only $16.10 per share for Net shoes' 31,025,936 shares of stock outstanding.

a. Calculate the total proceeds for Net shoes' IPO.

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

c. Calculate the net proceeds for Net shoes' IPO.

d. Calculate market capitalization for Net shoes' outstanding stock.

e. Calculate IPO under pricing for Net shoes' IPO.f. Explain the IPO under pricing for Net shoes.