Living A Good Life

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In a constrained open pricing IPO:






Saturn Inc.'s equity value is $25million with 5million shares outstanding. Saturn raises an additional $4 million by placing 2million shares at $2 e






In a rights issue, the share price may not necessarily fall to its theoretical ex-rights price on the ex-rights date. Why?






An underwriter...






Which of the following explanations of IPO underpricing is not true?