Alcorn Metals just sold 2.0 million shares through an IPO offering. The shares were offered at $23.50

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Alcorn Metals just sold 2.0 million shares through an IPO offering. The shares were offered at $23.50 a share and all shares were sold. The firm received a total of $43,710,000 for this issue. What was the spread?

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5.49%

6.24%

6.40%

7.00%

7.12%

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Understanding Financial Accounting

ISBN: 9781119406921

2nd Canadian Edition

Authors: Christopher D. Burnley

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Posted Date: Oct 09, 2023 02:34 AM

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Alcorn Metals just sold 2.0 million shares through an IPO offering. The shares were offered at $23.50

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