Question
A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $18.60; however, many investors believe the
A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $18.60; however, many investors believe the company should be valued at $27.85 per share. If the underwriter charges a $2.3 million fee to undertake the IPO, how much will the firm raise in the IPO?
$186000000.
$183700000.
$276200000.
$278500000.
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
