In the IPO, the firm AAA issued 3, 000,000 news shares. The initial price was $18.00 per share and investment banking fees are $1.26 per share. The final first-day closing price was $23.50. What were the total proceeds to AAA? 3,760000 54,000000 50,220.000 518,000,000

Answer rating: 100% (QA)

To calculate the total proceeds to AAA from the IPO we need to consider the ... View the full answer