Initial Public Offerings Lightning Corp. has recently completed its Initial Public Offering. The stock was offered at a
Posted: Fri Jul 01, 2022 7:36 am
Initial Public Offerings
Lightning Corp. has recently completed its Initial PublicOffering. The stock was offered at a price of $14 per share.On the first day of trading, the stock closed at $19 per share.
What was the initial return on Lightning Corp. stocks?
Who benefited from this underpricing?
Who lost from the underpricing, and why?
Lightning Corp. has recently completed its Initial PublicOffering. The stock was offered at a price of $14 per share.On the first day of trading, the stock closed at $19 per share.
What was the initial return on Lightning Corp. stocks?
Who benefited from this underpricing?
Who lost from the underpricing, and why?