Draiman Guitars is offering 70,000 shares of stock in an IPO by a general cash offer. The

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Draiman Guitars is offering 70,000 shares of stock in an IPO by a general cash offer. The offer price is $31 per share and the underwriter's spread is 9 percent. The administrative costs are $310,000. What are the net proceeds to the company?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Posted Date: May 12, 2023 12:54 AM

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Draiman Guitars is offering 70,000 shares of stock in an IPO by a general cash offer. The

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Fundamentals of Corporate Finance

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