Question
Initial public offeringOn April 13, , Yext Inc. completed its IPO on the NYSE. Yext sold shares of stock at an offer price of $
Initial public offeringOn April 13, , Yext Inc. completed its IPO on the NYSE. Yext sold shares of stock at an offer price of $ with an underwriting discount of $ per share. Yext's closing stock price on the first day of trading on the secondary market was $, and shares were outstanding. a. Calculate the total proceeds for Yext's IPO. b. Calculate the percentage underwriter discount. c. Calculate 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.
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