Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A through F Initial Public Offering. A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later, Netshoes
A through F
Initial Public Offering. A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later, Netshoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18.00, with an underwriting discount of 6.5%. Secondary market investors, however, were paying only $16.10 per share for Netshoes' 31,025,936 shares of stock outstanding. a. Calculate the total proceeds for Netshoes' IPO. b. Calculate the dollar amount of the underwriting fee for Netshhoes' IPO. c. Calculate the net proceeds for Netshoes' IPO. d. Calculate market capitalization for Netshoes' outstanding stock. e. Calculate IPO underpricing for Netshoes' IPO. f. Explain the IPO underpricing for Netshoes. .. a. The total proceeds for Netshoes' IPO is $(Round to the nearest dollar.)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