Question
Crane, Inc., a high-technology firm in Portland, raised a total of $120 million in an IPO. The company received $27 of the $30 per share
Crane, Inc., a high-technology firm in Portland, raised a total of $120 million in an IPO. The company received $27 of the $30 per share offering price. The firms legal fees, SEC registration fees, and other out-of-pocket costs were $450,000. The firms stock price increased 17 percent on the first day of trading. What was the total cost to the firm of issuing the securities?
Total cost$
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Month To Month Rental Agreement Forms Book
Authors: Gladys F. Rona
1st Edition
979-8440905979
