Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $89.08 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $16.35 and the underwriters spread was $1.70. Hughes also paid legal and other administrative costs of $1.75 million for the IPO.<\/p>
<\/p>
Calculate the number of shares issued through this IPO<\/p>", "transcribed_text": "", "related_book": { "title": "Financial and Managerial Accounting the basis for business decisions\t ", "isbn": "0077664078, 978-0077664077, 78111048, 978-0078111044", "edition": "16th edition", "authors": "Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/290.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-the-basis-for-business-decisions-16th-edition-290", "see_more_uri": "" }, "free_related_book": { "isbn": "B0BM7L4W5G", "uri": "\/textbooks\/blood-pressure-log-1st-edition-b0bm7l4w5g-313790", "name": "Blood Pressure Log", "edition": "1st Edition" }, "question_posted": "2024-06-06 02:09:24", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-a-1000-bond-has-a-75-percent-coupon-and", "description": "a. 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Add information if it is lacking and just make it sound good as a response....", "stars": 3 }, { "url": "\/study-help\/small-business-management\/t-f-small-businesses-are-major-players-in-international-business-1555960", "description": "T F Small businesses are major players in international business.", "stars": 3 }, { "url": "\/study-help\/small-business-management\/t-f-international-licensing-is-very-similar-to-domestic-franchising-1555958", "description": "T F International licensing is very similar to domestic franchising.", "stars": 3 }, { "url": "\/study-help\/small-business-management\/t-f-the-vast-majority-of-small-business-activity-in-1555957", "description": "T F The vast majority of small business activity in the international market is conducted via importing and exporting.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/mm-proposition-ii-with-taxes-1has-the-same-general-implications-2333138", "next": "\/study-help\/questions\/massey-machine-shop-is-considering-a-fouryear-project-to-improve-2333140" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Finance", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-finance" }, { "name": "Hughes Technology Corp. recently went public with an initial public offering in", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/hughes-technology-corp-recently-went-public-with-an-initial-public-2333139" } ], "skill_details": { "skill_id": "13", "skill_name": "Finance", "parent_id": "1" } } } }