Suppose a company has a pre-IPO value of $60 million, has 3 million existing shares, needs...
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Suppose a company has a pre-IPO value of $60 million, has 3 million existing shares, needs $10 million in net proceeds, and the investment bank charges a 5% spread. What is the offering share price? Suppose a company has a pre-IPO value of $60 million, has 3 million existing shares, needs $10 million in net proceeds, and the investment bank charges a 5% spread. What is the offering share price?
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Number of Shares Offered Net Proceeds PreIPO Value Spread 10000000 600... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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