Longview Manufacturing, Inc (LMI) completed an IPO on the NYSE on October 1, 2020. LMI sold 18,000,000 shares of stock at an offering price of $24 with an underwriting discount of $1.40 per share. LMIs closing stock price in the secondary market at the end of the first day of trading was $26.50, and 18,000,000 shares were outstanding.

a. Calculate the total proceeds for LMIs IPO.

b. Calculate the percentage underwriter discount

c. Calculate the dollar amount of the underwriting fee for LMIs IPO

d. Calculate the net proceeds for LMIs IPO

e. Calculate LMIs IPO underpricing

f. Calculate LMIs market capitalization as of the end of the first day of public trading

Show formula. Use Excel