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

Initial public offeringOn April 13, 2017 , Yext Inc. completed its IPO on the NYSE. Yext sold shares 10,500,000 of stock at an offer price of $10 with an underwriting discount of $0.78 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.45, and 85,489,470 shares were outstanding.

e. Calculate Yext's IPO underpricing.

f. Calculate Yext's market capitalization.

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