Question
ABC Company used an investment bank to do IPO. In IPO, the company sold 459,829 shares at $68 each. The investment bank charged 4% spread.
ABC Company used an investment bank to do IPO. In IPO, the company sold 459,829 shares at $68 each. The investment bank charged 4% spread. At the end of the 1st day of trading, ABC's stock price closed at $85. What is the total cost (direct cost + indirect cost) of the IPO to the company? Enter your answer rounded off two decimal points. Do not enter $ in the answer box
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Introduction To Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
