Question
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 7 million shares of common stock, and the
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 7 million shares of common stock, and the underwriting fees were $3.00 per share. The offering price was $30.00 per share.
What were the total proceeds from the common stock sale?
How much money did the company receive?
How much money did the investment bank receive in fees?
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Invest In Cryptocurrencies A Guide To Get Started Trading Cryptocurrency
Authors: Lory Peppe
1st Edition
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