(Answered) Margoles publishing recently completed its ipo the stock

Finance

Margoles Publishing recently completed its IPO. The stock was offered at $ 14.00 per share. On the first day of? trading, the stock closed at $ 19.00 per share.

a. What was the initial return on Margoles?

b. Who benefited from this? underpricing? Who? lost, and? why?

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