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Instacart need to sell to prefer best efforts offering

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Reference no: EM133306321

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Goldman Sachs is underwriting Instacart's IPO. They have estimated the market is willing to purchase 322 million shares of Instacart at a price of $68 por shira. Goldman offers Instacart the choice of either a firm commitment with a price of $43 and a spread of $1.10, or a best efforts with a commission of $4.77 per sham. How many shares does Instacart need to sell to prefer the best efforts offering?

Reference no: EM133306321

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