What was the offering price and number of shares offering

Assignment Help Managerial Accounting
Reference no: EM131163982

Presentation: You should include numeric analysis (if use printouts of Excel worksheet, apply necessary format and alignment) and your interpretation listed in the outline.

Analytical outline: https://www.sec.gov/edgar/searchedgar/companysearch.html

The purpose of this study is to gain more insights into the mechanisms of IPO markets and the principal issues that IPO market participants commonly face, based on publicly accessible data.

1. Selection of an IPO

From the company Centrus Energy Corporation you have selected above, complete the table above for 1st DAY RETURN, 3 YEAR RETRUN and 5 YEAR RETRUN (you will supply other information about the company later on).Enter the Ticker of the company into Yahoo! Finance to check if the company is still actively traded as of the day being selected.

2. Why would Centrus Energy  Corporation company go public? Was the time right to do an IPO?

Based on the Ticker of the company, find the Form S-1 and Form S-1/A (or Forms SB-1 if for a small firm) IPO prospectus from EDGAR's website: https://www.sec.gov/edgar/searchedgar/companysearch.html

Note: Forms S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition, as well provide a a brief prospectus of the planned security itself, offering price methodology, and any dilution that will occur to other listed securities.  Many firms fileForm S-1/A, which is used for filing amendments to a previously filed Form S-1

Read through the IPO prospectus (Form S-1 and Form S-1/A if available), in particular, look into the "Management Discussion and Analysis (MD&A)" section to examine the business plan. Discuss why such an IPO was deemed to be necessary by the firm. Any insights about the company's view of market opportunities, industry environment (products, competitors), risk and uncertainty (business, legal, financial)?

3. What advisors the firm hired?

Record information about consultants, auditors, layers, underwriters, and printers if any.What are the costs/fees for them? Which one you believe placed the most important role during the preparation of the IPO? Since we are examining retrospectively, was there any seasoned equity offering after this IPO? If so, did the company use the same underwriter?

4. What was the Offering Price and number of shares offering? Was there any changes before the actual listing?

5. How did the market react to the IPO?

1) The short-run IPO return

Find the ending price when the market started trading, and calculate the one-day return from the offering price to the ending price on the first trading day. What was the 1st day return of your IPO Company? Were there money left on the table?

2) The long-run performance

From Yahoo! Finance, find the Adjusted Ending prices for: first trading day, three years after the IPO listing day, and five years after the IPO listing day, and calculate 3-year and 5-year post-IPO holding period return (HPR) using Adjusted Ending prices.

What was the HPR of your IPO Company over 1 year post IPO? What about 5 years post IPO?

Reference no: EM131163982

Questions Cloud

What is the bandwidth of the system : find the steady-state response of the system considering only those components of f(t) that lie within the bandwidth of the system.
Write a program to determine the coefficients of expanded : Write a program to determine the coefficients of expanded form of (aX+bY+c)n. Every line in bold is questions to ask whoever runs the program to enter values or commands (y or n) at the console.
Analyze the strengths and opportunities identified by others : Identify one area of opportunity you can develop to become more successful in school. With which of the Big Five personality factors does it most closely match?
Integration affect the even-odd property : How does differentiation and integration affect the even-odd property of a function? For integration, assume the constant of integration is 0.
What was the offering price and number of shares offering : What was the Offering Price and number of shares offering? Was there any changes before the actual listing? How did the market react to the IPO
Function of foreign exchange market and financial market : Explain the main difference between the function of foreign exchange market and the function of other financial market ? How can foreign exchange market improve total welfare of a country ?
What is the shape of the distribution : What is the shape of the distribution? - Why is the distribution shaped in this manner? - Could this test be used as a selection device for certain jobs? If so, what types of jobs?
Understanding the necessity of learning mathematics : Imagine that your 12-year-old neighbor is having trouble understanding the necessity of learning mathematics in school, and would like to know how you use mathematics in your workplace. The National Council for Teachers of Mathematics content area..
Diversification is a desirable strategy for avoiding risk : "Because diversification is a desirable strategy for avoiding risk , it never makes sense for a bank to specialize in making specific types of loans." Is this statement true , false , or uncertain? Explain your answer

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd