firm plans to raise $195,000,000 by selling new shares of commen stock through un IPO The offer price will be $12.50 per shure. The underwriter will change a 7,79% vrent. Answer the llowing: a. What is the gross spread on a per share basis? b. What price will the issuer receive per share? c. If the firm must pay $750,000 in direct costs, how many shares need to be issued? d. If the stock closes at $97.85 on the first day of trading, how much will the firm low per share due to underpricing? c. What are the total flotation costs? 1. What are the total IPO costa? (direct costs + underpricing + flotation couts) Equation Gross Spread Offer price-Price issuer receives firm plans to raise $195,000,000 by selling new shares of commen stock through un IPO The offer price will be $12.50 per shure. The underwriter will change a 7,79% vrent. Answer the llowing: a. What is the gross spread on a per share basis? b. What price will the issuer receive per share? c. If the firm must pay $750,000 in direct costs, how many shares need to be issued? d. If the stock closes at $97.85 on the first day of trading, how much will the firm low per share due to underpricing? c. What are the total flotation costs? 1. What are the total IPO costa? (direct costs + underpricing + flotation couts) Equation Gross Spread Offer price-Price issuer receives