Live Deliciously NOTE ON ANSWER ACCURACY: In all parts of this question, the answer must be accurate to 3 decimal places. It will be considered correct if it is within +/- 0.001 of the correct answer. For example, if the correct answer to a question is "10.500", then "10.499" and "10.501" will also be correct. This is because many parts of the question set depends on previous parts. So you want to make sure you have the correct value and understanding before moving on. Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of the founder. That founder, Phillip Black, finds a Series A venture capital investor group willing to pay $23.0 million in order to acquire a 30.0% stake in the firm. This would be the first use of any outside capital by the firm. Series B Venture Capital Financing: Three years after the first round of financing, Live Deliciously received a second Series B round of venture capital financing. The investors provided $63.0 million for a 40.0% stake of the firm. Initial Public Offering (IPO): The owners of the firm (Phillip Black, the Series A investors, & the Series B investors) collectively decided 5 years later to undergo an IPO. The IPO involved the flotation of 12.200 million new shares for a total of $140.300 million from investors. The shares issued through the IPO correspond to 30.0% of Live Deliciously's ownership. The issue price was set at $11.50/share. However, on the first day of trading after the IPO, the firm's stock closed at $15.75/share. The underwriting fees were $14.640 million. G) What was the IPO underwriters' spread per share? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) share of spread per share H) What was the capital amount raised (net of underwriting) costs from the IPO? That is, how much new cash does Live Deliciously now have available as a result of the IPO to spend on their operations? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million to spend on on operations from the IPO 1) How much was the underpricing per share? And what was the total underpricing cost? (Round your answers to 3 decimal places. Use the unrounded values in any subsequent calculations that need them) /share underpricing million total underpricing cost J) What was the total cost of the issuance, including all direct and indirect costs? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million of costs in total for the IPO Live Deliciously NOTE ON ANSWER ACCURACY: In all parts of this question, the answer must be accurate to 3 decimal places. It will be considered correct if it is within +/- 0.001 of the correct answer. For example, if the correct answer to a question is "10.500", then "10.499" and "10.501" will also be correct. This is because many parts of the question set depends on previous parts. So you want to make sure you have the correct value and understanding before moving on. Series A Venture Capital Financing: Live Deliciously is a start-up firm in need of financing after surviving to this point only on the savings of the founder. That founder, Phillip Black, finds a Series A venture capital investor group willing to pay $23.0 million in order to acquire a 30.0% stake in the firm. This would be the first use of any outside capital by the firm. Series B Venture Capital Financing: Three years after the first round of financing, Live Deliciously received a second Series B round of venture capital financing. The investors provided $63.0 million for a 40.0% stake of the firm. Initial Public Offering (IPO): The owners of the firm (Phillip Black, the Series A investors, & the Series B investors) collectively decided 5 years later to undergo an IPO. The IPO involved the flotation of 12.200 million new shares for a total of $140.300 million from investors. The shares issued through the IPO correspond to 30.0% of Live Deliciously's ownership. The issue price was set at $11.50/share. However, on the first day of trading after the IPO, the firm's stock closed at $15.75/share. The underwriting fees were $14.640 million. G) What was the IPO underwriters' spread per share? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) share of spread per share H) What was the capital amount raised (net of underwriting) costs from the IPO? That is, how much new cash does Live Deliciously now have available as a result of the IPO to spend on their operations? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million to spend on on operations from the IPO 1) How much was the underpricing per share? And what was the total underpricing cost? (Round your answers to 3 decimal places. Use the unrounded values in any subsequent calculations that need them) /share underpricing million total underpricing cost J) What was the total cost of the issuance, including all direct and indirect costs? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) million of costs in total for the IPO