Question
ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares at $65 each. The investment bank charged 7% spread.
ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares at $65 each. The investment bank charged 7% spread. At the end of the 1st day of trading, ABC's stock price closed at $81.66.
What is the direct 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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In a typical firmcommitment IPO there are both fixed and variable costs of going public The l...
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Business Law and the Legal Environment
Authors: Jeffrey F. Beatty, Susan S. Samuelson
5th edition
324663525, 324663528, 1133587496, 978-1133587491
