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Investment Management Snap plans to go public and hired a syndicate of investment bank to help the company with the IPO. The IB offered a

Investment Management

Snap plans to go public and hired a syndicate of investment bank to help the company with the IPO. The IB offered a firmed commitment service. Snap will issue 200 million shares at $28 a share. The IPO discount is 8.5% and there is no other fees associated with the IPO. What is the amount Snap will bring in from the IPO and what is the cost of the IPO as a percentage of the revenue?

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