An initial public offering (IPO) is the process of a company selling its shares to the public for the first time. IPOs are typically used by young companies to raise capital for future business expansion. These shares are initially issued in the primary market at an offering price determined by the lead underwriter who usually organizes the syndicate of banks and brokers (depending on the size of the offering).

Underwriters take on significant financial risk when they commit to an IPO. If the market is not interested in the offering, then the underwriters may be stuck holding securities nobody wants. On the other hand, A strong IPO can lead to very high gains and can allow investors early entry into a hot stock.

For this assignment, research a publicly-traded company that recently (within the past three years) went public through an IPO (initial public offering). Discuss the estimation of the company’s stock price prior to the actual IPO date, the price of the stock on the date of IPO, the price shortly after, and the current price. Reflecting on what has been learned so far, discuss whether you believe the initial estimation of value was accurate and why or why not.

You are required to submit a thread of at least 450 words in response to the provided prompt for each forum. For each thread, you must support your assertions with at least two (2) scholarly/professional sources (note that Investopedia and Wikipedia are not scholarly/professional sources). Your sources MUST be cited at the end of your post using proper APA format.