Kizspy | Question: 17 (Choose 1 answer)
When Geo Corp. went public, the offer price was $19.00 per share and the closing price at the end of the first day was $24.70. The firm issued 4 million shares. What was the loss to the company due to underpricing?
A. $13.6 million
B. $20.83 million
C. $20.6 million
D. $22.8 million
