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Suppose that a high tech firm raises $150 million in an IPO. The firm receives $27 per share, and the stock sold to the public
Suppose that a high tech firm raises $150 million in an IPO. The firm receives $27 per share, and the stock sold to the public at $30 per share. The firm's legal fees, SEC registration fees, and other administrative costs are $410,000. The firm's stock price increases 13.5 percent on the first day. What is the firm's total cost of issuing the securities? $33,635,000$20,250,000$35,660,000$15,000,000
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