What is the post-IPO equity value and What is offer price

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A company is planning to go public. Currently, the pre-IPO value of the firm’s equity is $95 million, the number of outstanding shares is 3.5 million, the company need to raise $17 million, and the floatation cost of new equity is 12%.

Calculate the gross proceeds needed from an IPO given the above information.

What is the post-IPO equity value?

What is the offer price?

Reference no: EM131497256

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