Question
IPO Costs. Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share,
IPO Costs. Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share.
a. What was the percentage underwriting spread?
b. How much did the company raise after all expenses?
c. On its first day of trading the stock closed at $14.74. Calculate the dollar cost of underpricing.
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
