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

Initial public offering On April 13, 2017, Yext Inc. completed its

Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $9 with an underwriting discount of 50.81 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.43, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext's IPO. b. Calculate the percentage underwriter discount. c. Calculate the dollar amount of the underwriting fee for Yext's IPO. d. Calculate the net proceeds for Yext's IPO. e. Calculate Yext's IPO underpricing. f. Calculate Yext's market capitalization. a. The total proceeds for Yext's IPO is $. (Round to the nearest dollar.) b. The percentage underwriter discount is %. (Round to two decimal places.) C. The dollar amount of the underwriting fee for Yext's IPO is $. (Round to the nearest dollar.) d. The net proceeds for Yext's IPO is $ (Round to the nearest dollar.) e. Yext's IPO underpricing is % (Round to one decimal place.) f. Yext's market capitalization is s (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

help here Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $9 with an underwriting discount of $0.74 per...

Initial public offering On April 13, 2017, Yext Inc completed its IPO on the NYSE Yext sold 10,500,0 stock at an offer price of $10 with an underwriting discount of $0.76 per share. Yext's closing...

initial public offering On April 13, 2017, yext Inc. completed is IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $9 with an underwriting discount of $0.77 per share. Yexts...

was publics, 2017. We trochu o 10.000.000 osoitetto o in video 2017 on secondary award win Cole Categorien Catherine a. Connect IPO Crown The words for Yas IPO Sunds that Initial public offering on...

Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $13 with an underwriting discount of $0.77 per share....

Initial public offering On April 13, 2017, Yext Inc, completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $12 with an underwriting discount of $0.73 per share....

Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $10 with an underwriting discount of $0.78 per share....

Initial public offering On April 13, 2017, Yext Inc, completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $12 with an underwriting discount of $0.73 per share....

7. Given the Floor System Below, assume that the live lodds are 55 pounds per square foot and dead loads for all the materials total 25 pounds per square foot. Required: a. Draw the FBD for member...

1) The cabinet is made of wood costing $125 per cabinet 2) Cabinet pulls cost $5 for making each cabinet 3) Paint used on cabinets is around $200 each month 4) Rent expenses on administrative offices...

Which of the following impacts does not take place when a company purchases necessary supplies with partial ( cash ) payment? q , The company's cash balance decreases. The company's liability...

Corporate governance Rating The Corporate Library (TCL), Governance Metrics International (GMI), and Institutional Shareholder Services (ISS). How valuable do you find governance ratings? Do you...

9. Find a news article in a daily newspaper written by a journalist. How is this news article related to: (a) The writers expertise? (b) The context? (c) The personal characteristics of the writer?...

8. How can an interpreter influence the message?

The geographical location of the sender, i.e. where the sender resides