Question
Your investment bankers price your IPO at $15.43 per share for 10.8 million shares. If the price at the end of the first day of
Your investment bankers price your IPO at $15.43 per share for 10.8 million shares. If the price at the end of the first day of trading is $16.82 per share,
a. what was the percentage underpricing?
b. how much money did the firm miss out on due to underpricing?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
