Raybac is about to go public. Its present stockholders own 590,000 shares. The new public issue will represent 990,000 shares. The shares will be priced at $25 to the public with a 6% spread. The out-of-pocket costs in addition to the spread will be $530,000. What are the net proceeds to Raybac?

Answer rating: 100% (QA)

To calculate the net proceeds to Raybac we need to consider the following components 1 Gr... View the full answer