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IPO Central

Get in-depth information about IPO filings, recent offering performance and the upcoming IPO calendar.

Money Left On The Table

Underwriters generally underprice IPOs so initial investors can enjoy a small "pop" when they sell the stock on the open market. Too much of a pop and one loses value, too little of a pop and one loses interest. This pop also is referred to as "money left on the table."

Money Left On The Table

Company Lead
Underwriter
Offer
Price
Pricing
Valuation
(mil.)
First
Trade
Price
First
Trade
Valuation
(mil.)
Money
on the
Table
(mil.)
Verisk Analytics, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated $22.00 $1,875.5 $26.41 $2,251.5 $376.0
Hyatt Hotels Corporation Goldman, Sachs & Co. $25.00 $950.0 $27.00 $1,026.0 $76.0
Vitamin Shoppe, Inc. J.P. Morgan Securities Inc. $17.00 $154.6 $25.01 $227.5 $72.9
Fortinet, Inc. Morgan Stanley & Co. Incorporated $12.50 $156.3 $17.00 $212.5 $56.3
Education Management Corporation Goldman, Sachs & Co. $18.00 $360.0 $20.25 $405.0 $45.0

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