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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
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).
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