Alcorn Metals just sold 1.5 million shares through an IPO offering. The shares were offered at...
- Alcorn Metals just sold 1.5 million shares through an IPO offering. The shares were offered at $31.50 a share and all shares were sold. The firm received a total of $50,200,000 for this issue. What was the spread?
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Alcorn Metals just sold 1.5 million shares through an IPO
offering. The shares were offered at...
A firm conducting an IPO of common stock sold 5 million new shares in the offering...
A firm conducting an IPO of common stock sold 5 million new shares in the offering at an offer price of $20 per share. After the offering, the firm had 10 million shares outstanding, and the price of those shares in the secondary market was $22. The total proceeds from the firm's IPO were ________. A) $300 million B) $50 million C) $110 million D) $440 million E) $100 million
In a recent IPO, the Sausage Co. offered 1.8 million shares of stock at an offer...
In a recent IPO, the Sausage Co. offered 1.8 million shares of stock at an offer price of $15 a share. The underwriting was conducted on a best efforts basis with a spread of 8.5 percent. The Sausage Co. received a total of $21,079,868 in sale proceeds. How many shares were sold? Group of answer choices 1,508,428 1,349,453 1,535,874 1,505,746 1,498,256
An IPO is offered at $14 per share for 6 million shares. The IPO underwriters had...
An IPO is offered at $14 per share for 6 million shares. The IPO underwriters had a spread of 7.5%. What proceeds did the firm receive from the IPO? OA. $77.7 million B. $90.3 million O C. $6.3 million O D. $84 million OE. $75 million
An IPO is offered at $6.75 per share for 2 million shares. The IPO underwriters had...
An IPO is offered at $6.75 per share for 2 million shares. The IPO underwriters had a spread of 9%. What was the total fee paid to the underwriters? OA. OB. OC. $13,500,000 $1,800,000 $12.285.000 D. $12,385,000 OE. $1,215,000
A firm conducting an IPO of common stock sold 5 million new shares in the offering at an offer price of $20 per share. A...
A firm conducting an IPO of common stock sold 5 million new shares in the offering at an offer price of $20 per share. After the offering, the firm had 10 million shares outstanding, and the price of those shares in the secondary market was $22. The firm's IPO was underpriced by ________. A) 10% B) 90.9% C) 25% D) 15.0% E) 50%
Moonscape has just completed an initial public offering. The firm sold three million shares at an...
Moonscape has just completed an initial public offering. The firm sold three million shares at an offer price of $8 per share. The underwriting spread was $0.5 a share. The price of the stock closed at $11 per share at the end of the first day of trading. The firm incurred $80,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised? (Round your answer to 1 decimal place.) Flotation costs %
Moonscape has just completed an initial public offering. The firm sold 4 million shares at an...
Moonscape has just completed an initial public offering. The firm sold 4 million shares at an offer price of $12 per share. The underwriting spread was $0.40 a share. The price of the stock closed at $18.00 per share at the end of the first day of trading. The firm incurred $400,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised? (Do not round intermediate calculations. Enter your answer as a percent rounded...
A company prices its IPO of 120 million shares through an underwritten offering at a price...
A company prices its IPO of 120 million shares through an
underwritten offering at a price to the public of $20 per share.
100 million shares are being sold by the company and 20 million
shares are being sold by selling shareholders. The underwriting
discount is 5%. The underwriters are granted an over-allotment
option covering 15% of the shares sold. The shares immediately
trade up to $25 per share in the first day of trading. Answer the
following questions:
The...
Moonscape has just completed an initial public offering. The firm sold 1 million shares at an...
Moonscape has just completed an initial public offering. The firm sold 1 million shares at an offer price of $10 per share. The underwriting spread was $0.60 a share. The price of the stock closed at $16.00 per share at the end of the first day of trading. The firm incurred $200,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised? (Do not round intermediate calculations. Enter your answer as a percent rounded...
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 IPO is offered at $14 per share for 6 million shares. The IPO underwriters had a spread of 7.5%. What proceeds did the firm receive from the IPO? OA. $77.7 million B. $90.3 million O C. $6.3 million O D. $84 million OE. $75 million
An IPO is offered at $6.75 per share for 2 million shares. The IPO underwriters had a spread of 9%. What was the total fee paid to the underwriters? OA. OB. OC. $13,500,000 $1,800,000 $12.285.000 D. $12,385,000 OE. $1,215,000
A company prices its IPO of 120 million shares through an
underwritten offering at a price to the public of $20 per share.
100 million shares are being sold by the company and 20 million
shares are being sold by selling shareholders. The underwriting
discount is 5%. The underwriters are granted an over-allotment
option covering 15% of the shares sold. The shares immediately
trade up to $25 per share in the first day of trading. Answer the
following questions:
The...
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
$
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