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Zimba Technology Corp. recently went public with an initial public offering of 2 . 5 million shares of stock. The underwriter used a firm commitment
Zimba Technology Corp. recently went public with an initial public offering of million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $ per share and the underwiter's spread was percent of the gross proceeds. Zimba also paid legal and other administrative costs of $ for the IPO. Calculate the gross proceeds and the total funds received by Zimba from the sale of the million shares of stock.
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