Solved: Sunshine media has just completed an initial public, Finance Basics

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Sunshine media has just completed an initial public

Question: Sunshine Media has just completed an initial public offering, where 50 million shares of the 125 million shares outstanding were issued to the public at an offering price of $ 22 per share. On the offering date, the stock price zoomed to $ 40 per share. Who gains from this increase in the price? Who loses, and how much?

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Finance Basics: Sunshine media has just completed an initial public

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Finance Basics: Sunshine media has just completed an initial public

Reference No:- TGS02485574

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