On august 19 2004 google completed its ipo of 1870 million, Ask an Expert

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On August 19, 2004, Google completed its IPO of 18.70 million shares to the initial investors at $84.79 per share. The closing price of the stock that same day was $101.14. What was the dollar value of the underpricing associated with the Google IPO? (Round intermediate calculation to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)

Total underpricing was $ ________ million

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92758303

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