. IPOs • Underpricing causes the issuer to “leave money on the table” 15- 14 Figure 15. 2 Insert figure 15. 2 here 15- 15 Figure 15. 3 Insert figure 15. 3 here 15- 16 Work the Web Example • How have recent IPOs. period • The price is determined on the effective date of the registration 15- 6 Table 15. 1 - I 15- 7 Table 15. 1 - II 15- 8 Underwriters • Services provided by underwriters – Formulate method. Chapter 15 Raising Capital McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Key Concepts and Skills • Understand the venture capital market