Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TriState Corp. recently went public with an initial public offering in which they received a total of $51.60 million in new capital funding. The underwriter

TriState Corp. recently went public with an initial public offering in which they received a total of $51.60 million in new capital funding. The underwriter used a firm committment offering in which the offer price was $34.00 and the underwriters spread was $3.10. TriState also paid legal and other administrative costs of $1,110,000 for the IPO. What is the number of shares issued through this IPO?

1,669,903

1,705,825

1,517,647

1,550,294

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

How can we stop communism from spreading?

Answered: 1 week ago