Question
1. Asia-based Ashraf Inc., a high-tech company, raised $92 million in its initial public offering (IPO). Of the $35 offering price per share, the corporation
1. Asia-based Ashraf Inc., a high-tech company, raised $92 million in its initial public offering (IPO). Of the $35 offering price per share, the corporation got $29. $400,000 was spent on the firm's legal fees, SEC registration fees, and other out-of-pocket expenses. The first trading day saw a 17% spike in the company's stock price. How much did the company have to pay in total to issue the securities? (3 Marks)
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
