What was the loss to the company due to underpricing

Assignment Help Finance Basics
Reference no: EM13268172

When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first day was $24.10. The firm issued 5.30 million shares. What was the loss to the company due to underpricing?

Reference no: EM13268172

Questions Cloud

What is the power of one laser pulse : LASIK eye surgery uses pulses of laser light to shave off tissue from the cornea, reshaping it. What is the power of one laser pulse
What is the current market value of one of these bonds : Maryland Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 9.93 percent. The current market rate for similar securities is 10.79 percent.
What was the dollar value of the underpricing associated : On August 19, 2004 Google issued its IPO of 18.7 million shares to the initial investors at $82.42 per share. The closing price of the stock that same day was $98.08. What was the dollar value of the underpricing associated with the Google IPO?
Define the freezing point of pure benzene : The freezing point of pure benzene is 5.5 Celsius and its freezing point constant is 5.12 C/m. Calculate the molecular weight of the unknown.
What was the loss to the company due to underpricing : When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first day was $24.10. The firm issued 5.30 million shares. What was the loss to the company due to underpricing?
Explain what is the vapor pressure of a solution made : what is the vapor pressure of ethanol at 20 celcius is 44mm, and the vapor pressure of methanol at the same temperature is 94 mm. Assuming an idea solution, what is the vapor pressure of a solution made from 30.0g of methanol and 45 g of ethanol
Calculate the length of pipe : The lowest pedal note on a particular large pipe organ has a fundamental frequency of 15.7 Hz. What is the length of pipe between the sounding hole and the open end
Find how many frames are allocated to process d : A pool of 200 frames exists for paging of processes A, B, C, D, and E. The processes' page sizes are 100, 200, 50, 150, and 500, respectively. Assuming proportional frame allocation is being deployed, how many frames are allocated to process D
Why does an extrinsic semiconductor become intrinsic : Describe why the intrinsic carrier concentration changes with temperature. This would include from very cold temperatures to 600K+ temperatures. Why does an extrinsic semiconductor become intrinsic above ~ 500K

Reviews

Write a Review

Finance Basics Questions & Answers

  Description of business analysis

As the research starts to come in about your expansion opportunities abroad, the marketing department has discovered that the price elasticity for CPI's products in Brazil is expected to be much greater than in current markets served.

  Compute the weighted cost of capital

Compute the weighted cost of capital that is appropriate to use in evaluating this expansion program

  Compute sales to earn present level of profit

Compute. (i) New BEP (ii) Sales to earn present level of profit (iii) Sales to earn expected profit on proposed investment (iv) Maximum profit potential after tax and plant expansion

  Time value of money-unearned revenue

What are examples of long-term notes payable in our personal finances? Why is unearned revenue considered a liability?

  Affect of inflation on exchange rate

How does inflation affect the country's exchange rate? How is the equilibrium exchange rate determined and what factors affect it?

  Market determined interest rates and discount rates

The basket of goodies expenses $300, and is expected to cost $515 next year. The real rate of interest is 2%. Our company, Basic, Inc. has a bond risk premium of 2.5 percent and a preferred stock risk premium of 3 percent.

  Importance of beta as risk measure for single security

If the historical standard deviation of common stocks has been 20.3 percent and small company stocks 34.6%, explain how the S & P Composite Index could have a standard deviation of 20.3 percent?

  Find the condition for the european

Use the European put­call parity to find the condition for the European put the European call to have the identical price.

  What annual payment you have to receive in order to earn

What annual payment would you have to receive in order to earn an 8% rate of return on a perpetuity that cost $1,500?

  Describe the characteristics of each investment.

Describe the characteristics of each investment.

  What is the estimated beta coefficient of your company

Do you feel that the three-stock portfolio is sufficiently diversified or does it still have risk that can be diversified away? Explain.

  City recognize in grant revenue in government wide statement

Suppose the same facts as in the previous example. Determine how much should the city recognize in grant revenue in its government-wide statements.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd