Question
Which IPO from the list below was the most lucrative (highest fees) for the underwriting investment banks? [Ignore any Greenshoe (over- allotment) provisions.] -On November
Which IPO from the list below was the most lucrative (highest fees) for the underwriting investment banks? [Ignore any Greenshoe (over- allotment) provisions.]
-On November 9, 2011, Groupon had their initial public offering
(IPO). They sold 35,000,000 shares at $20/share. The underwriting discount was $1.20/share.
-On November 22, 2011, Angie's List had their initial public offering (IPO). They sold 8,793,408 shares at $13/share. The underwriting discount
was $0.91/share.
-On December 21, 2011, Zynga had their initial public offering
(IPO). They sold 100,000,000 shares at $10/share. The underwriting discount was $0.325/share.
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