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Question 12 An online medical advice company just completed an IPO with an investment bank on...
An online medical advice company just completed an IPO with an investment bank on a firm-commitment...
An online medical advice company just completed an IPO with an
investment bank on a firm-commitment basis. The firm issued five
million shares of common stock, and the underwriting fees were
$2.00 per share. The offering price was $25.00 per share.
What were the total proceeds from the common-stock sale?
Total proceeds
$
How much money did the company receive?
Net proceeds to firm
$
How much money did the investment bank receive in fees?
Underwriting spread
$
An online medical advice company just completed an IPO with an Investment bank on a firm-commitment basis.
An online medical advice company just completed an IPO with an Investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.20 per share. The offering price was $27.30 per share. What were the total proceeds from the common-stock sale? Total proceeds _______ How much money did the company receive? Net proceeds to firm _______ How much money did the investment bank receive in fees? Underwriting spread _______
CH 15 Homework < Prev Question 7 View Policies Current Attempt in Progress An online medical...
CH 15 Homework < Prev Question 7 View Policies Current Attempt in Progress An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.50 per share. The offering price was $27.00 per share. What were the total proceeds from the common Total proceeds $ eTextbook and Media Attempts: 0 of 3 used Later Submit Answer
P2-4 Initial public offering A Brazilian company called Netshoes completed its IPO on April 12, 2017,...
P2-4 Initial public offering A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Netshoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, with an underwriting dis- count of 6.5%. Secondary market share for Netshoes' 31,025,936 shares of stock outstanding a. Calculate the total proceeds for Netshoes' IPO. b. Calculate the dollar amount of the underwriting fee for Netshoes' IPo. c. Calculate the net proceeds...
A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the...
A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later Netshoes sold 8,250,000 shares of stock to priary market investors at an IPO offer price of $17.58 with an underwriting discount of 6.5%.Secondary market investors however were paying only $16.43 per share for Netshoes' 31,025,936 shares of stock outstanding. a. calculate the total proceeds for Netshoes IPO b. calculate the dollar amount of the underwriting fee c. calculate the net proceeds for...
The Fitness Studio, Inc., with the help of its investment bank, recently issued 2.2 million shares...
The Fitness Studio, Inc., with the help of its investment bank, recently issued 2.2 million shares of new stock. The offer price on the stock was $23.50 per share and The Fitness Studio received a total of $49,115,000 through this stock offering. Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 3 decimal places.) Net proceeds $ per share Underwriter’s spread $ per share What percentage of the gross...
ABC Company used an investment bank to do IPO. In IPO, the company sold 32,494 shares...
ABC Company used an investment bank to do IPO. In IPO, the company sold 32,494 shares at $65 each. The investment bank charged 6% spread. At the end of the 1st day of trading, ABC's stock price closed at $103. What is the indirect cost of the IPO to the company? Do not enter $ in the answer box.
ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares...
ABC Company used an investment bank to do IPO. In IPO, the company sold 24,769 shares at $65 each. The investment bank charged 7% spread. At the end of the 1st day of trading, ABC's stock price closed at $81.66. What is the direct cost of the IPO to the company? Enter your answer rounded off two decimal points. Do not enter $ in the answer box.
Solve the Problems in its Entirety Only Question 2 - IPO Underwriter Spreads and Money Left...
Solve the Problems in its Entirety Only
Question 2 - IPO Underwriter Spreads and Money Left on the Table Below is a table with data for three companies that conducted and IPO. All of these IPOs were firm commitment IPOs underwritten by the same underwriter. Offer Price Per First Closing Market Price Per #Shares offered in Underwriter Firm Share (in $) Share (in $) $mo) Spread (in %) $38.00 $95.06 7.0% $33.00 $34.19 478 2.0% $15.00 $23.43 58 5.0% 23...
An investment bank pays $35.40 per share for 4.9 million shares of GM Company in a firm commitment stock offering. It then can sell those shares to the public for $34 per share. a. How much money doe...
An investment bank pays $35.40 per share for 4.9 million shares of GM Company in a firm commitment stock offering. It then can sell those shares to the public for $34 per share. a. How much money does GM receive? (Enter your answer in dollars, not in millions.) b. What is the profit to the investment bank? (Enter your answer in dollars, not in millions. Negative amount should be indicated by a minus sign. Do not round intermediate calculations.) c....
An online medical advice company just completed an IPO with an
investment bank on a firm-commitment basis. The firm issued five
million shares of common stock, and the underwriting fees were
$2.00 per share. The offering price was $25.00 per share.
What were the total proceeds from the common-stock sale?
Total proceeds
$
How much money did the company receive?
Net proceeds to firm
$
How much money did the investment bank receive in fees?
Underwriting spread
$
CH 15 Homework < Prev Question 7 View Policies Current Attempt in Progress An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.50 per share. The offering price was $27.00 per share. What were the total proceeds from the common Total proceeds $ eTextbook and Media Attempts: 0 of 3 used Later Submit Answer
P2-4 Initial public offering A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Netshoes sold 8,250,000 shares of stock to primary market investors at an IPO offer price of $18, with an underwriting dis- count of 6.5%. Secondary market share for Netshoes' 31,025,936 shares of stock outstanding a. Calculate the total proceeds for Netshoes' IPO. b. Calculate the dollar amount of the underwriting fee for Netshoes' IPo. c. Calculate the net proceeds...
Solve the Problems in its Entirety Only
Question 2 - IPO Underwriter Spreads and Money Left on the Table Below is a table with data for three companies that conducted and IPO. All of these IPOs were firm commitment IPOs underwritten by the same underwriter. Offer Price Per First Closing Market Price Per #Shares offered in Underwriter Firm Share (in $) Share (in $) $mo) Spread (in %) $38.00 $95.06 7.0% $33.00 $34.19 478 2.0% $15.00 $23.43 58 5.0% 23...
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