Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer
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Question:
Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.77 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.41, and 85,489,470 shares were outstanding.
a. Calculate the total proceeds for Yext's IPO.
b. Calculate the percentage underwriter discount.
c. Calculate the dollar amount of the underwriting fee for Yext's IPO.
d. Calculate the net proceeds for Yext's IPO.
f. Calculate Yext's market capitalization.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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