When Optus went public in September 2015, the offer price was $22.00 per share and the

closing price at the end of the first day was $24.50. The company issued 5.10 million

shares. What was the loss to the company due to underpricing? : (2 Marks for correct

identification of each variables for the calculation, 7 Marks for correct workings and 1

Mark for correct answer to equal a total of 10 Marks).