Solution-How much did your firm raise from the IPO

How much did your firm raise from the IPO

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Reference no: EM133003240

Question - Your firm has 10 million shares outstanding, and you are about to issue 5 million new shares in an IPO. The IPO price has been set at $22 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $50 on the first day of trading. How much did your firm raise from the IPO?

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How much did your firm raise from the IPO

Reference no: EM133003240

Reference no: EM133003240

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