Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 15-12 IPO Costs (LO2) Match Group went public in November 2015. The company sold 23,833,333 shares at $14.4 per share. The underwriting spread was
Problem 15-12 IPO Costs (LO2) Match Group went public in November 2015. The company sold 23,833,333 shares at $14.4 per share. The underwriting spread was $1.86 a share, and the direct expenses were $0.33 a share a. What was the percentage underrting spread? (Round your final answers to 1 decimal place.) Underwriting spread percentage b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Company raised
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started