What was the percentage underwriting spread

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Reference no: EM131871292

IPO Costs. Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share.

a. What was the percentage underwriting spread?

b. How much did the company raise after all expenses?

c. On its first day of trading the stock closed at $14.74. Calculate the dollar cost of underpricing.

Reference no: EM131871292

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