Question: Initial public offering On April 13, 2017 Yextinc completed its IPO on the NYSE Yext sold 10,500,000 shares of stock at an offer price of

Initial public offering On April 13, 2017 Yextinc completed its IPO on the NYSE Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0 73 per share. Yext's closing stock price on the first day of trading on the secondary market was $1342, and 85,489 470 shares were outstanding a. Calculate the total proceeds for Yext's IPO b. Calculate the percentage underwriter discount c. Calculate the dollar amount of the underwriting tee for Yext's iPo d. Calculate the net proceeds for Yext's IPO e. Calculate Yext's IPO underpricing f. Calculate Yext's market capitalization a. The total proceeds for Yext's IPO is $ 115500000 (Round to the nearest dollar) b. The percentage underwriter discount is 6 64% (Round to two decimal places c. The dollar amount of the underwriting fee for Yexts IPO is $ 7855000 (Round to the nearest dollar) d. The net proceeds for Yest's IPO is $ 107835000 (Round to the nearest dollar) e. Yoxt's iPo underpricing is (Round to one decimal place)

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