Suppose ReapingTheBenefits Corp. (RTB) is one of the largest investment banking firms on Wall Street. VisionStone Corp. hired RTB as the underwriter for its IPO. RTB has set the offering price of the share to $25 per share. The underwriters will charge a 7.51% underwriting spread. How many shares must the company sell to net $67,000,000-ignoring any other expenses? (Note: Do not round intermediate calculations. Round your final answer to the nearest whole number.) 3,477,133 shares 2,897,611 shares 4,056,655 shares 2,680,000 shares Consider the case of LinkedIn Corp.: In May 2011, LinkedIn issued its IPO, which was priced at $45 a share. On the first day of trading, it hit a high of $122.70. After six months of its IPO, the company's stock was trading at double the price of its IPO. There are several theories that explain IPO underpricing. One of them is that most investors who get to purchase the IPO at its are preferred customers of the investment bank, and they became preferred customers by generating lots of commissions in the investment bank's sister brokerage company. Therefore, the IPO is an easy way for the . to reward its customers for past and future commissions. Suppose ReapingTheBenefits Corp. (RTB) is one of the largest investment banking firms on Wall Street. VisionStone Corp. hired RTB as the underwriter for its IPO. RTB has set the offering price of the share to $25 per share. The underwriters will charge a 7.51% underwriting spread. How many shares must the company sell to net $67,000,000-ignoring any other expenses? (Note: Do not round intermediate calculations. Round your final answer to the nearest whole number.) 3,477,133 shares 2,897,611 shares 4,056,655 shares 2,680,000 shares Consider the case of LinkedIn Corp.: In May 2011, LinkedIn issued its IPO, which was priced at $45 a share. On the first day of trading, it hit a high of $122.70. After six months of its IPO, the company's stock was trading at double the price of its IPO. There are several theories that explain IPO underpricing. One of them is that most investors who get to purchase the IPO at its are preferred customers of the investment bank, and they became preferred customers by generating lots of commissions in the investment bank's sister brokerage company. Therefore, the IPO is an easy way for the . to reward its customers for past and future commissions