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What was the percentage underwriting spread

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Reference no: EM133157825

Question - Match Group went public in November 2018. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was $2.46 a share, and the direct expenses were $0.39 a share.

Required -

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 $20.14. Calculate the total dollar cost of under pricing.

Reference no: EM133157825

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