Question
Suppose that a biotech firm in Pittsburgh raised $110 million in an IPO. The firm received $23 per share, and the stock sold to the
Suppose that a biotech firm in Pittsburgh raised $110 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firms legal fees, SEC registration fees, and other out-of-pocket costs were $595,500. The firms stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities
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Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation
Authors: Navin Kumar
1st Edition
9812876936, 978-9812876935
