Question
Myriad Biotech plans a $116 million IPO with an offer price of $6.10 per share, underwritten at $5.10. The company's legal fees, ASIC registration fees,
Myriad Biotech plans a $116 million IPO with an offer price of $6.10 per share, underwritten at $5.10. The company's legal fees, ASIC registration fees, and other administrative costs total $625,000. The company's share price increases 12 per cent on the first day. What is the company's total cost of issuing the securities?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
