Question
nitial public offering On April13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of
nitial public offeringOn April13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $13 with an underwriting discount of $0.77 per share.Yext's closing stock price on the first day of trading on the secondary market was $13.36, and 85,489,470 shares were outstanding.
a. Calculate the total proceeds forYext's IPO.
b. Calculate the percentage underwriter discount.
c. Calculate the dollar amount of the underwriting fee forYext's IPO.
d. Calculate the net proceeds forYext's IPO.
e. CalculateYext's IPO underpricing.
f. CalculateYext's market capitalization.
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