ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares at
Fantastic news! We've Found the answer you've been seeking!
Question:
ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares at $65 each. The investment bank charged 7% spread. At the end of the 1st day of trading, ABC's stock price closed at $81.66.
What is the direct cost of the IPO to the company?
Enter your answer rounded off two decimal points. Do not enter $ in the answer box.
Related Book For
Business Law and the Legal Environment
ISBN: 978-1133587491
5th edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson
Posted Date: