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What is the company total cost of issuing the securities

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Reference no: EM132929124

Question - Hexagon Ltd, a high-technology company in Victoria, issues a $85 million IPO with an offer price of $75 per share. The firm receives $72 per share, and the company's legal fees, ASIC registration fees and other administrative costs are $540, 000. The company's share price increased to $83 on the first day. What is the company's total cost of issuing the securities?

Reference no: EM132929124

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