Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.10 million in new capital funding. The

image text in transcribed

Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.10 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $19.40 and the underwriters spread was $0.95. Hughes also paid legal and other administrative costs of $2.15 million for the IPO.

Calculate the number of shares issued through this IPO.

Saruha Trucche che YS We ... teau -1.8.1942 L'asil I w.arbetar la ... WWW.C! dan . Saruha Trucche che YS We ... teau -1.8.1942 L'asil I w.arbetar la ... WWW.C! dan

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance And Accounting For High-Tech Companies

Authors: Frank J Fabozzi

1st Edition

0262336901, 9780262336901

More Books

Students also viewed these Finance questions

Question

Gay, lesbian, bisexual, and transgender issues in sport

Answered: 1 week ago