Question 12 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.60 per share. The offering price was $25.40 per share. What were the total proceeds from the common-stock sale? Total proceeds How much money did the company receive? Net proceeds to firm $ How much money did the investment bank receive in fees? Underwriting spread Click if you would like to Show Work for this question: Open Show Work