Calculate the number of shares issued through this IPO

Assignment Help Financial Management

Reference no: EM13947002

Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.66 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $18.65 and the underwriter’s spread was $1.50. Hughes also paid legal and other administrative costs of $1.95 million for the IPO.

Calculate the number of shares issued through this IPO. (Enter your answer in millions. Round your answer to 2 decimal places.)

Reference no: EM13947002

Questions Cloud

Planning to open stall at the local mall : Judy Garland is planning to open a stall at the local mall, paying $2500 rent, in advance each month. She will buy $25,000 in costume jewelry as the initial inventory, and buy the display cases for $4000. Assume that all the cash flows occur at the e..

Calculate the operating cash flows of the project : Laurel’s Lawn Care, Ltd., has a new mower line that can generate revenues of $138,000 per year. Direct production costs are $46,000, and the fixed costs of maintaining the lawn mower factory are $18,000 a year. The factory originally cost $1.15 milli..

Family of four living in large metropolitan area : Explain what coverage's would be needed for a family of four living in a large metropolitan area. Both adult members are employed at a major firm in the area and one child is 8 years old and the other is 3 years old. Assume they have a mortgage and e..

Calculate the total fees you will pay on loan commitment : A loan commitment of $4.32 million has an up-front fee of 80 basis points and a back-end fee of 50 basis points. The take down on the loan is 60 percent. Calculate the total fees you will pay on this loan commitment.

Calculate the number of shares issued through this IPO : Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $90.66 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $18.65 and the underwrite..

What is your real-after tax return-should you make deposit : Your Bank has stated that it pays 3% Interest, annually compounded, for a 7-year certificate of deposit. You have decided to invest $10,000 for 7 years. If the average rate of Inflation during the 7 years is 2.5% per year during the 7 years, & you an..

Projected depreciation expense : You have projected depreciation expense to be $1,000,000 in the next fiscal year with year-end accumulated depreciation balances being $5,000,000. If inflation in medical equipment is averaging 10 percent per year and you wish to finance only 20 perc..

What is the maximum amount he can invest every day : Elliot makes $250,000 a year and pays 30% taxes on $150,000 and 35% on his remaining salary. His expenses are $110,000 (per year). He wants to invest a fixed amount EVERY day into an investment fund for 5 years and he hopes to get a 12% return. What ..

Characteristics as they relate to quality leadership : Discuss each of the following characteristics as they relate to quality leadership: Analyze and explain which of these characteristics will be the most difficult to achieve for good leadership. Support your rationale with research and your experience..

User Account

All Pages