What was the total cost to the firm

Assignment Help Finance Basics

Reference no: EM13268201

Suppose that a biotech firm in Pittsburgh raised $115 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firm's legal fees, SEC registration fees, and other out-of-pocket costs were $473,500. The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities? (Round intermediate calculations to 3 decimal places, e.g. 15.257 and final answer to nearest whole dollar, e.g. 5,275.)

Reference no: EM13268201

Questions Cloud

Tales of hans christian anderson : Why is an Outsiders point of view important in the tales of Hans Christian Anderson? Please cite examples from at least two of his tales.

What is the present value of the tax savings in perpetuity : A firm plans to issue $700,000 worth of debt at a YTM of 7.5%. The debt is trading at par. The firm's marginal corporate tax rate is 30%. What is the present value of the tax savings in perpetuity?

Compute the final pressure of the gas : A sealed container holding 0.0255 L of an ideal gas at 0.999 atm and 67C is placed into a refrigerator and cooled to 45C with no change in volume. Calculate the final pressure of the gas.

Determine the distance between nodes : A tube of air is open at only one end and has a length of 1.29 m. What is the distance between one node and the adjacent anti-node

What was the total cost to the firm : The firm's legal fees, SEC registration fees, and other out-of-pocket costs were $473,500. The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities?

Explain the performance of electrical work in the amount w : A process involves the performance of electrical work in the amount w' on a system. Show that if the process is carried out at constant pressure, the heat absorbed is delta H-w'.

Determine the linear density of the string : The middle C string on a piano is under a tension of 977 N. The period and wavelength of a wave on this string are 3.82 ms, Find the linear density of the string

State what volume naoh solution to prepare an acetate buffer : You have 425 mL of an 0.35 M acetic acid solution. What volume (V) of 1.10 M NaOH solution must you add in order to prepare an acetate buffer of pH = 5.34

Why does science matter to a democratic society : You need prepare the thesis - Why Does Science Matter to a Democratic Society?

User Account

All Pages