Match Group went public in November 2015. The company sold 25,833,333 shares at $14.0 per share. The underwriting spread was $1.66 a share, and the direct expenses were $0.31 a share.
a) What was the percentage underwriting spread? (Round your final answers to 1 decimal place.)
b) How much did the company raise after all expenses?
c) On its first day of trading the stock closed at $17.74. Calculate the dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.)