Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Financial Management

Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe

4th Edition

1935938002, 9781935938002

More Books

Students also viewed these Finance questions