Question: = Homework: Chapter 15 Homework Question 8, P15-15 (simi... Part 1 of 7 HW Score: 70%, 7 of 10 points O Points: 0 of 1

 = Homework: Chapter 15 Homework Question 8, P15-15 (simi... Part 1

= Homework: Chapter 15 Homework Question 8, P15-15 (simi... Part 1 of 7 HW Score: 70%, 7 of 10 points O Points: 0 of 1 Save Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.2% commission fee. The SEC has authorized Wayne 5,230,000 shares for this issue. He plans to keep 1,010,000 shares for himself, hold back an additional 210,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 450,000 shares, and sell the remaining shares at $15.54 a share. Given the bids at the auction (shown on the table here: E ), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? shares (Round to the nearest whole number.)

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!