Question: Initial public offering On April13, 2017 2017 , Yext Inc. completed its IPO on the NYSE. Yext sold 10 comma 500 comma 000 10,500,000 shares

Initial public offeringOn April13, 2017

2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10 comma 500 comma 000

10,500,000 shares of stock at an offer price of $12

12 with an underwriting discount of $0.79

0.79 per share.Yext's closing stock price on the first day of trading on the secondary market was $13.41

13.41, and 85 comma 489 comma 470

85,489,470 shares were outstanding.

a. Calculate the total proceeds forYext's IPO.

b. Calculate the percentage underwriter discount.

c. Calculate the dollar amount of the underwriting fee forYext's IPO.

d. Calculate the net proceeds forYext's IPO.

e. CalculateYext's IPO underpricing.

f. CalculateYext's market capitalization.

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