"Flip" shares 1
Three companies went public last month with initial public offerings (IPO). The offer price and first day closing price are shown below for the three firms. An investor was able to purchase 100 shares of each company at the offer price and then "flip" the shares at the end of the day for the full return.

-Refer to "Flip" shares 1.What was the total dollar value of this investment at the end of the first day? (Ignore any tax implications for this question)

Question

"Flip" shares 1
Three companies went public last month with initial public offerings (IPO). The offer price and first day closing price are shown below for the three firms. An investor was able to purchase 100 shares of each company at the offer price and then "flip" the shares at the end of the day for the full return.
 
-Refer to "Flip" shares 1.What was the total dollar value of this investment at the end of the first day? (Ignore any tax implications for this question)

Quizplus · Accepted Answer

11ea7eff_73d3_28d9_92e1_3ba2fcbe4f51_TB3891_00

"Flip" Shares 1 Three Companies Went Public Last Month with Initial Public Offerings