Question
Wyatt Oil has 5 million shares outstanding and is about to issue 6 million new shares in an IPO. The IPO price has been set
Wyatt Oil has 5 million shares outstanding and is about to issue 6 million new shares in an IPO. The IPO price has been set at $18 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $28 the first day of trading. 1) The amount that Wyatt Oil raised during the IPO is closest to:
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How To Become An Exceptional Real Estate Investor Becoming The Unique And Valued Real Estate Investor
Authors: Alexander Eichmann
1st Edition
979-8864277386
