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tunisia81 tunisia81
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Which of the following statements is NOT true about underpricing?

▸ It involves pricing an IPO at less than its market value.

▸ It "leaves money on the table."

▸ It is done to get more IPO proceeds for the issuing firm.

▸ It is calculated as the difference between the initial offering price and the price on the first day of trading.
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Corporate Finance

Corporate Finance


Edition: 5th
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rectorrector
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