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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 $9.81 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 $9.81 per share. Yext's closing stock price on the first day of trading on the secondary market was $14.37. 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. a. The gross proceeds for Yext's IPO is \$ (Round to the nearest dollar.) b. Yext's IPO underpricing is \%. (Round to two decimal places.) c. The money left on the table for Yext's IPO is $ (Round to the nearest dollar.)
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