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Problem 13.20 On August 19, 2004, Google completed its IPO of 19.10 million shares to the initial investors at $83.33 per share. The closing price
Problem 13.20 On August 19, 2004, Google completed its IPO of 19.10 million shares to the initial investors at $83.33 per share. The closing price of the stock that same day was $94.55. What was the dollar value of the underpricing associated with the Google IPO? (Round intermediate calculation to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.) Total underpricing was $ million
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