Question: Initial public offering On April 1 8 , 2 0 1 9 2 0 1 9 , the video conferencing companythe video conferencing company ,

Initial public offeringOn April18,20192019, the video conferencing companythe video conferencing company, ZoomZoom completed its IPO on the Nasdaq. ZoomZoom sold 9 comma 911 comma 4349,911,434 shares of Class A stock with 1 vote per share at an offer price of $3434 and underwriter discount of $ 1.76$1.76 per share. ZoomZoom's closing stock price on the first day of trading on the secondary market was $62.0362.03, and 24 comma 070 comma 08624,070,086Class A shares were outstanding. There were also 232 comma 318 comma 285232,318,285 shares of Class B common stock with 10 votes each outstanding and held privately by ZoomZoom insiders. a. Calculate the total proceeds for ZoomZoom's IPO.
b. Calculate the percentage underwriter discount.
c. Calculate the dollar amount of the underwriting fee for ZoomZoom's IPO.
d. Calculate the net proceeds for ZoomZoom's IPO.
e. Calculate ZoomZoom's IPO underpricing assuming that market value per share is the same for both classes of stock.
f. Calculate ZoomZoom's market capitalization assuming that market value per share is the same for both classes of stock.
g. What percentage of ZoomZoom's total common stock(Class A plus Class B) do Class A stockholders own after the IPO? What percentage of votes do they control?

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