Waystar Corporation IPO: How Much Money Was Left on the Table?
To calculate the amount of money left on the table, we first need to calculate the difference between the first day's closing price and the IPO price.
The difference in price is $8.23 - $3.93 = $4.30 per share.
Since the IPO offered 5,000,000 shares for sale, the total amount of money left on the table is $4.30 * 5,000,000 = $21,500,000. Answer: 21,500,000.
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