Question
When ABC Company went public in September 2008, the offer price was $2.43 per share and the closing price at the end of the first
When ABC Company went public in September 2008, the offer price was $2.43 per share and the closing price at the end of the first day was $4.93. The company issued 5 million shares. What was the loss to the company due to under-pricing? (in millions of dollars to the nearest two decimal
I am unsure how to calculate the loss
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
