Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need A-F please Inittal public offering On Aprii 13, 2017. Yext Ine, completed its IPO on the NYSE. Yext sold 10,600,000 shares of stock

i need A-F please
image text in transcribed
Inittal public offering On Aprii 13, 2017. Yext Ine, completed its IPO on the NYSE. Yext sold 10,600,000 shares of stock at an offer price of $12 with an underwiing discount of $0.75 per share. Yexi's dosing stock price on the first day of trading on the secondary market was $13.44, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext's IPO. b. Calculate the percentage underwriter discount. c. Caiculate the dollar amount of the underwriting fee for Yext's IPO. d. Calculate the net proceeds for Yext's IPO. e. Calculate Yext's IPO underpricing. f. Calculate Yext's market capitalization. a. The fotal proceeds for Yextr IPO is 5 (Round to the nearest dollafi)

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

Principles Of Investments

Authors: Alan Marcus, Zvi Bodie, Michael Drew, Anup Basu, Alex Kane

1st Edition

0071012389, 978-0071012386

More Books

Students also viewed these Finance questions

Question

Find f(-2). Let f(x) = 2x + 3x.

Answered: 1 week ago

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago