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 $2.30 per share. The offering price was $24.90 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 ta How much money did the investment bank receive in fees? Underwriting spread $