FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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When Rodeo went public in September 2016, the offer price was $22.00 per share and the closing price at the end of the first day was $23.80. The firm issued 5.2 million shares. What was the loss to the company due to underpricing?
Loss to the company | $ |
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