Question
ABC Company used an investment bank to do IPO. In IPO, the company sold 211,562 shares at $70 each. The investment bank charged 6% spread.
ABC Company used an investment bank to do IPO. In IPO, the company sold 211,562 shares at $70 each. The investment bank charged 6% spread. At the end of the 1st day of trading, ABC's stock price closed at $82.
What is the total cost (direct cost + indirect cost) of the IPO to the company?
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
