Question: Berkley Corp just sold 2 . 7 million shares through an IPO offering. The shares were offered at $ 1 1 . 7 5 a

Berkley Corp just sold 2.7 million shares through an IPO offering. The shares were offered at $11.75 a share and all shares were sold. The firm received a total of $29,750,000 for this issue. What was the spread?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

25) You invested $9,000 in a mutual fund when the offering price was $31.50 and the NAV was $30.20. This purchase was made one year ago today. Today, the fund distributed a total of $1.55 in...

Q:

Investment Management 1. Uber plans to issue 200 million shares through an IPO offering. The shares will be offered at $30 a share and it will be a firm commitment offering The IPO fees are a...

Q:

QUESTION 2 Green Future (GF), a green technology company conducted its Initial Public Offering (IPO) on January 20, 2020. GF sold 25 million shares for an IPO price of RM1.80 per share. GF closing...

Q:

13. Incorp has just sold 20 million shares through an IPO offering. The shares were offered at $20.00 a share and all of the shares were sold. The firm received a total of $422,000,000 for this...

Q:

Alcorn Metals just sold 1.5 million shares through an IPO offering. The shares were offered at $31.50 a share and all shares were sold. The firm received a total of $50,200,000 for this issue. What...

Q:

50. Company A has just sold 10 million shares through an IPO offering. The shares were offered at $30.00 a share and all of the shares were sold. The firm received a total of $333,000,000 for this...

Q:

Alcorn Metals just sold 1.5 million shares through an IPO offering. The shares were offered at $31.50 a share and all shares were sold. The firm received a total of $50,200,000 for this issue. What...

Q:

Alcon Metals just sold 20 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 $50.290.000 for this issue. What was...

Q:

AK 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...

Q:

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...

Q:

Jacobi's method for a symmetric matrix A is described by A1 = A, A2 = P1A1Pt1 and, in general, Ai+1 = PiAiPti. The matrix Ai+1 tends to a diagonal matrix, where Pi is a rotation matrix chosen to...

Q:

For Pierce Company, sales is $500,000, variable expenses are $340,000, and fixed expenses are $140,000. Pierces contribution margin ratio is?

Q:

How do deductions such as EI or CPP differ from those such as RRSP contributions or insurance?

Q:

Assignment 5.[10 Points) Write a Python function, which takes no arguments on input, that is capable of generating and printing to screen a random password that is 8 characters long. Specifically,...