Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer the following questions regarding Bumble stock (BMBL), a publicly traded company listed on the Nasdaq: When did the company go public and who were
Answer the following questions regarding Bumble stock (BMBL), a publicly traded company listed on the Nasdaq:
- When did the company go public and who were the lead underwriters? (2 marks)
- What was the IPO offering price per share? (1 mark)
- What was the opening price and what was the closing price on the opening day? (2 marks)
- BMBL was able to sell 50 million shares at the IPO price. If underwriting fees amounted to $62 million, calculate the percentage spread charged by the underwriters. (2 marks)
- How much money was left on the table ($ amount of underpricing)? (2 mark)
- What is the 52-week and high and the 52-week low price for this stock? (1 mark)
- What is the Earning per share (EPS) for BMBL? What is the P/E (Price/earnings) ratio for BMBL? Based on the value of EPS and the P/E ratio, why would an individual want to invest in BMBL? Briefly explain. (4 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started