Question: Owners of the Internet bargain site FROOGLE com have decided to

Owners of the Internet bargain site have decided to take their company pubic by conducting an initial public offering of common stock. They have agreed with their investment banker to sell 3.3 million shares to investors at an offer price of $14 per share. The underwriting spread is 7 percent.
a. What is the net price that will receive for their shares?
b. How much money will raise in the offering?
c. How much do’s investment bankers make on this transaction?

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  • CreatedMarch 26, 2015
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