Question
Superman Enterprises has just completed an initial public offering. The firm sold 4,950,000 new shares at an offer price of $15.00 per share. The underwritering
Superman Enterprises has just completed an initial public offering. The firm sold 4,950,000 new shares at an offer price of $15.00 per share. The underwritering spread was $1.11 a share. The firm incurred $150,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread?
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Cash The Fuel For Your Economic Engine
Authors: Jeffrey A Redmon, Adam Siegel
1st Edition
0578686031, 978-0578686035
