Question
Chen Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.25 per share. Management negotiated a fee (the underwriting spread) of
Chen Brothers, Inc., sold 4million shares in its IPO, at a price of $18.25per share. Management negotiated a fee (the underwriting spread) of 6%on this transaction. What was the dollar cost of this fee?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
