Question
The CDE Corporation decides to go public. Based on the price discovery through the road show, CDE and their investment bank decide on an offer
The CDE Corporation decides to go public. Based on the price discovery through the road show, CDE and their investment bank decide on an offer price of $22.50 for the IPO. At the close of trading on the IPO date, the stock price for shares of CDE is $31.25. To what degree were the shares underpriced?
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
