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On April 13, 2017, Yext inc. completed its IPO on the NYSE. Yext sold 10,300,000 shares of stock at an offer price of $11.86 per
On April 13, 2017, Yext inc. completed its IPO on the NYSE. Yext sold 10,300,000 shares of stock at an offer price of $11.86 per share. Yext's closing stock price on the first day of trading on the secondary market was $14.91.
a. Calculate the gross procceds for Yext's IPO.
b. Calculate Yext's IPO underpricing.
c. Calculate the money left on the table for Yext's IPO.
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