Question: The State St . Co . has just gone public. Under a firm commitment agreement, the company received $ 1 7 . 6 4 for

The State St. Co. has just gone public. Under a firm commitment agreement, the company received $17.64 for each of the 3.2 million shares sold. The initial offering price was $22.50 per share, and the stock rose to $24.15 per share in the first day of trading. The company paid $984,900 in direct legal and other costs and incurred $340,000 in other indirect costs.
How much are the net proceeds?
How much are the direct costs?
How much are the indirect costs?
How much are the floatation costs?
What is the flotation cost as a percentage of the offer size?

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