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Your investment bankers price your IPO at $15.11 per share for 9.7 million shares, If the price at the end of the first day of

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Your investment bankers price your IPO at $15.11 per share for 9.7 million shares, If the price at the end of the first day of trading is $17.03 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.)

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