Question
When ABC Company went public in September 2008, the offer price was $4.63 per share and the closing price at the end of the first
When ABC Company went public in September 2008, the offer price was $4.63 per share and the closing price at the end of the first day was $7.13. The company issued 4 million shares. What was the loss to the company due to under-pricing? (in millions of dollars to the nearest two decimal places)
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
