ABC Ltd , a technology company, issues a $30 million IPO providing proceeds to ABC of $5 4 per share, from an offer price to the public of $6 per share The company's legal fees, ASIC registration fees, and other administrative costs are $432,000 The company's share price increases 16 per cent on the first day What is the total cost to the issuer of the IPO (in millions of dollars to the nearest three decimal places don't use the $ sign eg 7 897) Answer ABC Ltd , a technology company, issues a $30 million IPO providing proceeds to ABC of $5 4 per share, from an offer price to the public of $6 per share The company's legal fees, ASIC registration fees, and other administrative costs are $432,000 The company's share price increases 16 per cent on the first day What is the total cost to the issuer of the IPO (in millions of dollars to the nearest three decimal places don't use the $ sign eg 7 897)

Question

ABC Ltd , a technology company, issues a $30 million IPO providing proceeds to ABC of $5 4 per share, from an offer price to the public of $6 per share  The company's legal fees, ASIC registration fees, and other administrative costs are $432,000  The company's share price increases 16 per cent on the first day  What is the total cost to the issuer of the IPO (in millions of dollars to the nearest three decimal places  don't use the $ sign eg 7 897)  Answer  ABC Ltd , a technology company, issues a $30 million IPO providing proceeds to ABC of $5 4 per share, from an offer price to the public of $6 per share  The company's legal fees, ASIC registration fees, and other administrative costs are $432,000  The company's share price increases 16 per cent on the first day  What is the total cost to the issuer of the IPO (in millions of dollars to the nearest three decimal places  don't use the $ sign eg 7 897)

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ABC Ltd., a technology company, issues a $30 million IPO providing proceeds to ABC of $5.4 per share, from an offer price to the public

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