Question: Dell Technologies Inc (DELL) went through an Initial Public Offering (IPO) where 157 million shares were sold at share price of $ 35 . If

Dell Technologies Inc (DELL) went through an Initial Public Offering (IPO) where 157 million shares were sold at share price of $ 35 . If BLFD received $ 5.1 billion for the offering, what was the spread paid to the investment bank?

(Enter your percentage answer as a number rounded to 2 decimal places. For example, 10.25% would be entered as 10.25)

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