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On August 19, 2004, Google completed its IPO of20.0million shares to the initial investors at $80per share. The closing price of the stock that same

On August 19, 2004, Google completed its IPO of20.0million shares to the initial investors at $80per share. The closing price of the stock that same day was $100.50. What was the dollar value of the underpricing associated with the Google IPO?

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