Question
IAmPublic Corp. decided to go public through an Initial Public Offering. Company's value of equity before the IPO is $120 million. The company needs to
IAmPublic Corp. decided to go public through an Initial Public Offering. Company's value of equity before the IPO is $120 million. The company needs to raise $56.05 million and currently they have 3.5 million existing shares. IAmPublic Corp. has hired an investment banking firm to help it go public, which charges 5% as the underwriter commission. What is the number of new shares for the required percentage to new investors?
| A. | 1,950,000 | |
| B. | 1,350,000 | |
| C. | 1,135,000 | |
| D. | 1,764,000 | |
| E. | 985,000 |
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Investing In The Trump Era How Economic Policies Impact Financial Markets
Authors: Nicholas P. Sargen
1st Edition
3319760440,3319760459
