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German & Co. has just launched its initial public offering IPO with the help of JP Morgan investment bank. During the IPO, the firm issued

German & Co. has just launched its initial public offering IPO with the help of JP Morgan investment bank. During the IPO, the firm issued 5 million new shares. The initial price was $15 per share, with JP Morgan retaining $1.5 fees. The first day closing price was $22.

1- what were the gross proceeds from this offering ?

2- what offering percentage did JP Morgan receive ?

3- what is the indirect cost of going public for German & Co. ?

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