# Your investment bankers price your IPO at $14.67 per share for 10.5 million shares. If the price at the end of the first day of trading is$16.52 per share, what was the percentage underpricing? 11.1% 14.1% 12.6% 10.6%

Question

Please show all equations and work as needed. Make the correct answer clear. If possible, please type work so it can be copied. Thank you.