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An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common
An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.50 per share. The offering price was $25.60 per share.
What were the total proceeds from the common-stock sale?
Total proceeds = $???
How much money did the company receive?
Net proceeds to firm = $???
How much money did the investment bank receive in fees?
Underwriting spread = $???
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