Question
On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10 comma 500 comma 000 shares of stock at an offer
On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10 comma 500 comma 000 shares of stock at an offer price of $12 with an underwriting discount of ?$0.76 per share. Yext's closing stock price on the first day of trading on the secondary market was ?$13.36?, and 85 comma 489 comma 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.
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a Total Sales proceeds Number of shares sold in IPO x IPO ...
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
