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

Initial public offering On April 13, , Yext Inc. 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 $0.79 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.42, and 85,489,470 shares were outstanding.

1. Yext's IPO underpricing is: __% ?

2. Calculate Yext's market capitalization.

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