(Answered) A company is planning an ipo of 10 million sharesnbspeach

Finance

A company is planning an IPO of 10 million shares. Each share is expected to sell at $15 per share. The underwriters will charge a 6% spread and incur expenses of $1.5 million. All shares sell at the expected price. Price per share at the end of the first day is $16.50. The current price is $20. How much money was left on the table?

$35 million
$15 million
None of the above
$13.5 million
$50 million

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