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Problem 13.22 When Global Partners went public in September 2013, the offer price was $22.00 per share and the closing price at the end of

Problem 13.22

When Global Partners went public in September 2013, the offer price was $22.00 per share and the closing price at the end of the first day was $23.90. The firm issued 4.50 million shares. What was the loss to the company due to underpricing?

Loss to the company$

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