Question
Wallace Publishing recently completed its IPO. The stock was offered at a price of $ 14.96 per share. On the first day of trading, the
Wallace Publishing recently completed its IPO. The stock was offered at a price of $ 14.96
per share. On the first day of trading, the stock closed at $ 18.56 per share. If Wallace Publishing paid an underwriting spread of
6.6 % for its IPO and sold 12 million shares, what was the total cost (exclusive of underpricing) to it of going public?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
