Z is a private firm that recently went public. The managers of the firm have decided to undertake a Dutch IPO to sell 1,000,000 shares.

Investor # Shares demanded. Bid A 350k $33 B 150k $31 C 200k $28 D 250k $27 E 180k $27 F 150k $25

Given the 20% increase in the price of the stock after the IPO day, there are rumors that the underwriters did not do a good job in pricing the stock, hence underpricing the security. How much money is left on the table due to this underpricing?

Plz give explanation and answer:)