Compute the total cost of the ipo as a percentage of the net

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From Fish-Farm To Table is an consumer-conscious seafood producer in Tasmania. The firm just conducted their IPO by selling 26.8 million shares to the public at an offer price of $18.60. Legal fees amounted to $1.3 million and the underwriter syndicate took 6.0% of the gross proceeds. After a few trading days, the share price stabilizes at $21.35without any additional news.

Problem 1: Compute total direct dollar cost of the IPO. $ million

Problem 2: Compute indirect dollar cost of the IPO.$ million

Problem 3: Compute the total cost of the IPO as a percentage of the net proceeds that the company raised. %

Reference no: EM132715998

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