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What is the total cost to the firm of issuing the securities

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Reference no: EM132920358

Suppose a biotech company in Boston, Massachusetts, completes an $80 million IPO priced to the public at $80 per share. The firm receives $77 per share, and the out-of-pocket expenses are $500,000. The stock's closing price at the end of the first day is $89. What is the total cost to the firm of issuing the securities?

Reference no: EM132920358

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