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Calculate rickes market capitalization

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Reference no: EM133238872

On June 7, 2021, Rickes Co., completed its IPO on the NYSE. Rickes sold 10,130,000 shares of stock at an offer price of $12 with an underwriting discount of $.82 per share. Rickes closing stock price on the first day of trading on the secondary market was $16.00 and 74,000,000 shares were outstanding. Round answers to nearest hundredth.

1. Calculate the total proceeds for Rickes IPO.

2. Calculate the percentage underwriter discount.

3. Calculate the dollar amount of the underwriting fee for Rickes IPO.

4. Calculate the net proceeds for Rickes IPO.

5. Calculate Rickes IPO underpricing.

6. Calculate Rickes market capitalization.

Reference no: EM133238872

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