Need ltd issues a 38.6 million IPO priced at 12.50 per share and the offering price to the public is 19.30 per share. the company's legal fees, asic registration fees and other administration costs are 270000. the company's share price increases 18 per cent on the first day. 

what is the under-pricing cost of issuing the securities to the company?

Answer rating: 100% (QA)

Underpricing Cost of Need Ltds IPO Underpricing refers to the difference between the initial offer p... View the full answer