A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Netshoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, with an underwriting dis-count of 6.5%. Secondary market investors, however, were paying only $16.10 per share for Netshoes’ 31,025,936 shares of stock outstanding.a. Calculate the total proceeds for Netshoes’ IPO.b. Calculate the dollar amount of the underwriting fee for Netshoes’ IPO.c. Calculate the net proceeds for Netshoes’ IPO.d. Calculate market capitalization for Netshoes’ outstanding stock.e. Calculate IPO underpricing for Netshoes’ IPO.f. Explain the IPO underpricing for Netshoes.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.