Question
Problema 2-3: Initial Public Offering (Oferta Pblica Inicial) On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of
Problema 2-3: Initial Public Offering (Oferta Pblica Inicial)
On April 13, 2017, Yext Inc. completed its IPO on the NYSE.
Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.77 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.41, and 85,489,470 shares were outstanding.
- Calculate the total proceeds for Yext's IPO.
- Calculate the percentage underwriter discount.
- Calculate the dollar amount of the underwriting fee for Yext's IPO.
- Calculate the net proceeds for Yext's IPO.
- Calculate Yext's IPO underpricing.
- Calculate Yext's market capitalization.
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Numerical Methods In Finance
Authors: René Carmona, Pierre Del Moral, Peng Hu, Nadia Oudjane
2012th Edition
3642257453, 978-3642257452
