Get a hold of the prospectus for a recent IPO. How do the issue costs compare with?
Question:
Get a hold of the prospectus for a recent IPO. How do the issue costs compare with?
(a) Those of the Marvin issue and
(b) Those shown in Table 15.3? Can you suggest reasons for the differences?
Transcribed Image Text:
Underwriter's Type Company Issue Amount (S millions) Spread Common Stock: IPO $ 80 Torch Offshore 7.0 Alliance Imaging United Surgical Partners Tellium, Inc. Agere Systems IPO 122 7.0 IPO 126 7.0 IPO 135 7.0 3,600 IPO 3.9 $ 29.6 92.8 Seasoned Seasoned Seasoned Seasoned National Golf Properties, Inc. Lifepoint Hospitals Valspar Corp. Raytheon Co. Pepsico, Inc. Allegheny Energy, Inc. 5.126% 5.0 4.25 168 343.8 3.745 Seasoned Seasoned 534.6 2.0 598.3 3.005 Debt (coupon rato, type, maturity): 8.3% Subordinated notes, 2011 6.875% Medium-term notes, 2006 7.75% Notes, 2011 8.5% Senior notes, 2011 5.875% Global bonds, 2004 3.5% Convertible bonds, 2021 7.45% Global bonds, 2031 8.5% Senior notes, 2008 Bank of the West $ 50 .65 % Maytag Corp. Shurgard Storage Centers Hilton Hotels 185 .50 250 65 300 875 American Home Products 500 35 Cox Communications 685 2.25 1,100 1,500 Kellogg Calpine .875 1.00
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Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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