IPO Costs. Match Group went public in November 2015. The company sold 32,333,333 shares at $12.4 per share. The underwriting spread was $0.86 a share, and the direct expenses were $0.23 a share.

a. What was the percentage underwriting spread? (Round to 1 decimal places)

b. How much did the company raise after all expenses? (Enter your answer in dollars not millions, Round answer to the nearest dollar)

c. On its first day of trading the stock closed at $15.34, Calculate the dollar cost of under-pricing ?

(Enter your answer in dollars not millions, Round answer to the nearest dollar)