How much money did moneywyse inc raise

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Question - On January 20th, Moneywyse Inc. conducted a SEO. The market price of Moneywyse Inc. at the time was $36.45 per share. Of the 10.0 million shares sold, 35 million shares were sold by the company by way of a primary offering, and the remaining 6.5 million shares were being sold by the venture capital investors by way of a secondary offering. Assume the underwriter charges 6.3% of the gross proceeds as an underwriting fee.

A) How much money did Moneywyse Inc. raise?

B) How much money did the venture capitalists receive?

C) If the share price dropped 3.2% on the announcement of the SEO and the new shares were sold at that price, how much money would Moneywyse Inc. receive?

Reference no: EM133048048

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