Cullumber Biotech management plans a $ 1 0 7 million IPO in which the offering price to

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Question:

Cullumber Biotech management plans a $

107

million IPO in which the offering price to the public will be $

50

per share. The company will receive $

47.50

per share. The firm's legal fees, SEC registration feesand other out

-

-

pocket costs will total $

465, 000 .

If the stock price increases

14

percent on the first day of tradingwhat will be the total cost of issuing the securities

?

Posted Date: May 18, 2024 05:12 PM

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Cullumber Biotech management plans a $ 1 0 7 million IPO in which the offering price to

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