Question
. On Thursday, April 18, 2019 Zoom completed its IPO and began trading on the NASDAQ. The 9.91 million shares in the IPO were priced
. On Thursday, April 18, 2019 Zoom completed its IPO and began trading on the NASDAQ. The 9.91 million shares in the IPO were priced at $36 per share. However, on the first day of trading the shares closed at $62. Assuming the investment bankers and lawyers charged 7% and 1% of the proceeds respectively; calculate the direct costs, indirect costs, and firm proceeds.
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
