Question
3. 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
3. 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 $1313 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 $13.4313.43, and 85 comma 489 comma 47085,489,470 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Stocks Bonds And Taxes A Comprehensive Handbook And Investment Guide For Everybody
Authors: Phillip B. Chute
1st Edition
1732885532, 978-1732885530
