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Initial Public Offering. A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later, Netshoes sold 8,250,000 shares
Initial Public Offering. A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later, Netshoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $17.23, with an underwriting discount of 6.2%. Secondary market investors, however, were paying only $16.01 per share for Netshoes 31,025,936 shares of stock outstanding, a Calculate the total proceeds for Netshoes' IPO. b. Calculate the dollar amount of the underwriting fee for Netshhoes' IPO. c. Calculate the net proceeds for Netshoes' IPO. d. Calculate market capitalization for Netshoes' outstanding stock e. Calculate IPO underpricing for Netshoes' IPO. t. Explain the IPO underpricing for Netshoes a The total proceeds for Netshoes' IPO is $. (Round to the nearest dollar) b. The dollar amount of the underwriting fee for Netshoes' IPO is $ (Round to the nearest dollar) c. The net proceeds for Netshoes' IPO is $ (Round to the nearest dollar) d. Netshoes' market capitalization is $ (Round to the nearest dollar.) e. Netshoes IPO underpricing is %. (Round to two decimal places.)
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