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ML Underwriters paid an issuer $ $38,149,650 as IPO proceeds. The IPO offered 1.86 million shares of which 1.835 million were sold at an offer
ML Underwriters paid an issuer $ $38,149,650 as IPO proceeds. The IPO offered 1.86 million shares of which 1.835 million were sold at an offer price of $22 a share. The underwriting spread was 5.5 percent. What type of underwriting was this?
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
