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Your investment bankers price your IPO at $15.39 per share for 10.9 million shares. If the price at the end of the first day
Your investment bankers price your IPO at $15.39 per share for 10.9 million shares. If the price at the end of the first day of trading is $17.17 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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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
6th Edition
0137852584, 9780137852581
