Question: When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first

When Global Partners went public in September 2008, the offer price was $22.00 per share and the closing price at the end of the first day was $23.90. The firm issued 4.9 million shares. What was the loss to the company due to underpricing?

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