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Your investment bankers price your IPO at $15 26 per share for 9.5 million shares of the price at the end of the first day

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Your investment bankers price your IPO at $15 26 per share for 9.5 million shares of the price at the end of the first day of trading is $17.16 per share, a. What was the percentage underpricing? b. How much money did the firm miss out on due to underpricing? a. What was the percentage underpricing? As a percent of the offering price, the underpricing is %. (Round to one decimal place) b. How much money did the firm miss out on due to underpricing? The forgone money will be $ million (Round to one decimal place.)

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