Question
Ret has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at
Ret has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at $15 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $35 on the first day of trading.
The market value of Ret after the IPO is closest to ________ million.
- A. $592
- B. $630
- C. $329
- D. $430
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Mergers Acquisition And Other Restructuring Activities
Authors: Donald M. Depamphilis
6th Edition
123854857, 978-0123854858
