How much capital did alpha company raise

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Alpha Company went "public" by way of an IPO that was completed earlier in the day. The IPO resulted in 20% of the company's 1,000,000 total shares being sold to institutional investors, which in turn made the shares available for purchase on the NYSE. The IPO price was $20 per share. The stock began trading at $26 per share, and closed at $24 per share.

How much capital did Alpha Company raise?

Reference no: EM132402942

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