What was the flotation cost as a percentage of funds raised

Reference no: EM13305531

The Bostitch Co. has just gone public. Under a firm commitment agreement, Bostitch received $32 for each of the 4.1 million shares sold. The initial offering price was $34.40 per share, and the stock rose to $41 per share in the first few minutes of trading. Bostitch paid $905,000 in legal and other direct costs and $250,000 in indirect costs.

Required:
What was the flotation cost as a percentage of funds raised?

Reference no: EM13305531

Questions Cloud

Determine the power output of the engine in each cycle : If it absorbs 100 Joules each cycle from the hot reservoir, how much work does it do. How much heat is given off in each cycle If each cycle takes 0.5 seconds, find the power output of the engine.

Calculate the carrying costs : Calculate the EOQ number of orders per year. (Round your answer to 2 decimal places (e.g., 32.16).)

What is the equilibrium constant : What is the equilibrium constant, Kc, for the reaction at this temperature?

Find the average net force that acts on him during this time : When jumping straight down, you can be seriously injured if you land stiff-legged. In a stiff-legged landing he comes to a halt in 2.5 ms. Find the average net force that acts on him during this time

What was the flotation cost as a percentage of funds raised : The initial offering price was $34.40 per share, and the stock rose to $41 per share in the first few minutes of trading. Bostitch paid $905,000 in legal and other direct costs and $250,000 in indirect costs.

Find the total length of pipe that must pass through furnace : The boiling water passes through copper pipes that have a wall thickness of 4 millimeters and a surface area of 0.12 square meters per meter length of the pipe. Find the total length of pipe (there are actually many pipes in parallel)

What will be the effect on eps and pe ratio : Evaluating an extra dividend versus a share repurchase. In either case, $16,320 would be spent. Current earnings are $3.10 per share, and the stock currently sells for $85 per share. There are 3,400 shares outstanding. Ignore taxes and other imper..

What maximum length of aluminum foil : Rolls of aluminum foil are 300mm wide and 0.013mm thick. What maximum length of aluminum foil can be made from 0.87kg of aluminum?

Determine the beat frequency he hears : James Bond is riding a bike at 15 m/s, chasing Car #1 moving in the same direction at 35 m/s. Behind James is another car, Car 2, What is the beat frequency he hears

User Account

All Pages