Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Jan 2018 My Price 5.00

IPO underpricing,

Having heard about IPO underpricing, I put in an order to my broker for 2,900 shares of every IPO he can get for me. After 3 months, my investment record is as follows:

IPO Shares Allocated to Me   Price per Share   Initial Return  
A    800   $25   8 %  
B    500     35   12    
C 2,900      7   Acˆ’9    
D       0     11   25    
 
a.

What is the average underpricing of this sample of IPOs? (Do not round intermediate calculations. Enter your answer as a whole percent.)
  Average underpricing %  

  

b.

What is the average initial return on my portfolio of shares purchased from the four IPOs I bid on? Calculate the average initial return, weighted by the amount of money invested in each issue. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
  Average initial return %  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Jan 2018 09:01 PM My Price 5.00

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