Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Initial public offering On April 13, 2017, Yext inc completed its IPO on the NYSE Yext sold 10,500,000 shares of stock at an ofler price
Initial public offering On April 13, 2017, Yext inc completed its IPO on the NYSE Yext sold 10,500,000 shares of stock at an ofler price of $10 with an underwriting discount of 50.81 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.43, and 85.489,470 shares were outstanding a. Calculate the total proceeds for Yext's IPO b. Calculate the percentage underwiter discount. c. Calculate the dollar amouns of the underwiving fee for Yext' IPO d. Calculate the net proceeds for Yexis 190 e. Calculate Yext's IPO underpeicing I. Calculate Yext's market capitalization
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started