Beyond Meat (ticker: BYND), makers of the Beyond Burger, raised funds in the capital markets via an initial public offering (IPO) conducted in May 2019 (To find out more, you can follow this embedded link.). The Beyond’s final IPO prospectus filed with the SEC showed that 9,625,000 shares common stock were sold at an offer price of $25 per share and with underwriting discounts and commissions of $1.75 per share. 

1. Calculate the total proceeds for Beyond’s IPO. 

2. Calculate the total dollar amount of the underwriting discounts and commissions. 

3. Calculate the percentage value of the underwriting discounts and commissions. 

4. Calculate the net proceeds for Beyond’s IPO. 

Go to Yahoo Finance and find the first-day secondary-market closing price for Beyond Meat (BYND) on May 2, 2019. Under the Summary menu, you can find the closing price on May 2, 2019 by selecting Max for the chart and sliding your cursor to the fart left over the date May 2, 2019 (the date is shown in the black bar above your cursor and the corresponding closing price is shown in the black indicator on the right side of the chart). You can also find closing prices by using the Historical Data menu and selecting the time period and frequency (when using prices to calculate returns you generally want to use the adjusted closing price). Find Beyond Meat’s final IPO prospectus dated May 1, 2019 by going to SEC.gov, FILINGS, Company Filing Search, Company and Person Lookup, Beyond Meat, Inc. (BYND). Look for filing type 424B4 with filing date 2019-05-03, then click on Documents, then click on “

Answer rating: 100% (QA)

Solution with explanation 1 Calculation of total proceeds for beyound ... View the full answer