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When Geo Corp went public, the offer price was $19.00 per share and the closing price at the end of the first day was $24.70.

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When Geo Corp went public, the offer price was $19.00 per share and the closing price at the end of the first day was $24.70. The firm issued 4 million sharen. What was the loss to the company due to underpricing? $20.6 million $20.83 million $22.8 million $13.6 million

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