The underwriter is firm commitment underwriting. 10,000 shares are offered at $44 per share and only 9,125 are sold in the initial public offering (IPO). The underwriter spread is six percent. What are the gross proceeds from this offering to the nearest dollar?

Answer rating: 100% (QA)

To calculate the gross proceeds from the IPO we need to consider the number of shares sold and the ... View the full answer