On August 19, 2004, Google completed its IPO of 19.2 million shares to the initial investors...
Homework Answers
Dollar value of underpricing= market value at closing date-market value at issued
market value=shares outstanding*price of share
=(19.2*10^6*101)-(19.2*10^6*82)
=$364,800,000
This is the dollar value of underpricing
Add Answer to:
On August 19, 2004, Google completed its IPO of 19.2 million shares to the initial investors...
On August 19, 2004 Google IPO offered 19,605,052 shares at a price of U.S. $85 per...
On August 19, 2004 Google IPO offered 19,605,052 shares at a price of U.S. $85 per share, which were sold in an online auction in a bid to make the shares more widely available. Which of the following statements best describes why these are considered a primary market transaction? A. The shares were the first to be privately issued by Google. B. The transaction was between the corporation and investors. C. Google was at the time a recently founded company...
CH 15 Homework Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt...
CH 15 Homework Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt in Progress On August 19, 2004, Google completed its IPO of 19.0 million shares to the initial investors at $90 per share. The closing price of the stock that same day was $100.00. What was the dollar value of the underpricing associated with the Google IPO? (Round answer to decimal places, es. 5,275.) Excel Template (Note: This template includes the problem statement as it...
Initial public offering. On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext...
Initial public offering. On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.77 per share. Yext’s closing stock price on the first day of trading on the secondary market was $13.41, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext’s IPO. b. Calculate the percentage underwriter discount. c. Calculate the dollar amount of the underwriting fee for...
Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext...
Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.79 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.44, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext's IPO. b. Calculate the percentage underwriter discount. c. Calculate the dollar amount of the underwriting fee for...
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...
Felton Publishing recently completed its IPO. The stock was offered at a price of $13.31 per...
Felton Publishing recently completed its IPO. The stock was offered at a price of $13.31 per share. On the first day of trading, the stock closed at $18.41 per share. If Felton Publishing paid an underwriting spread of 6.9% for its IPO and sold 5 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public was $million. (Round to one decimal place.)
Wallace Publishing recently completed its IPO. The stock was offered at a price of $14.74 per...
Wallace Publishing recently completed its IPO. The stock was offered at a price of $14.74 per share. On the first day of trading, the stock closed at $18.71 per share. If Wallace Publishing paid an underwriting spread of 6.4% for its IPO and sold 5 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public wa on. (Round to one decimal place.)
MuleSoft, Inc. conducted its IP on March 17, 2017 for the principle purposes of increasing its...
MuleSoft, Inc. conducted its IP on March 17, 2017 for the principle purposes of increasing its capitalization and financial flexibility, creating a public market for its Class A common stock, and enabling access to the public equity markets for it and its stockholders. MuleSoft sold 13 million shares for an IPO offer of $17 per share. The underwriting discoung was $1.19 per share. MuleSoft intends to use the net proceeds from the offering to the firm for general corporate purposes,...
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...
CH 15 Homework Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt in Progress On August 19, 2004, Google completed its IPO of 19.0 million shares to the initial investors at $90 per share. The closing price of the stock that same day was $100.00. What was the dollar value of the underpricing associated with the Google IPO? (Round answer to decimal places, es. 5,275.) Excel Template (Note: This template includes the problem statement as it...
Initial public offering On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.79 per share. Yext's closing stock price on the first day of trading on the secondary market was $13.44, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext's IPO. b. Calculate the percentage underwriter discount. c. Calculate the dollar amount of the underwriting fee for...
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...
Felton Publishing recently completed its IPO. The stock was offered at a price of $13.31 per share. On the first day of trading, the stock closed at $18.41 per share. If Felton Publishing paid an underwriting spread of 6.9% for its IPO and sold 5 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public was $million. (Round to one decimal place.)
Wallace Publishing recently completed its IPO. The stock was offered at a price of $14.74 per share. On the first day of trading, the stock closed at $18.71 per share. If Wallace Publishing paid an underwriting spread of 6.4% for its IPO and sold 5 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public wa on. (Round to one decimal place.)
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...
Most questions answered within 3 hours.
-
Let C = (2.25 m, 15 ∘ above the negative x-axis) and D = (30.6
m,...
asked 24 seconds ago -
of the following statements below is/are an example of a
normative statement?
I. The water shortage...
asked 1 minute ago -
Carbon disulfide is prepared by heating sulfur and charcoal. The
chemical equation is
S2(g)+C(s)−⇀↽−CS2(g) Kc=9.40 at...
asked 5 minutes ago -
complete the problem and solution paragraph below, include 2-3
causes and 2-3 solutions for them.
remember...
asked 8 minutes ago -
I was looking for help with a computer science c programming
class. not c++
This program...
asked 32 minutes ago -
Albinism is an autosomal recessive condition characterized by
absence of melanin pigment from the skin, eye...
asked 22 minutes ago -
Suppose you're looking at a physics example online, and come
across this expression in the middle...
asked 30 minutes ago -
Compile a list (7 or more) of other commands useful for
navigating or manipulating the UNIX/Linux...
asked 39 minutes ago -
How many grams of PbBr2 will precipitate when excess CrBr3
solution is added to 61.0 mL...
asked 41 minutes ago -
If I was given the address of 134.15.0.0/16 from my ISP and I
wanted to use...
asked 46 minutes ago -
What is the pH of the solution that results of dissolving 1.74g
of sodium hydroxide in...
asked 50 minutes ago -
Given a standardized normal distribution (with μ = 0 and a σ =
1), what is...
asked 1 hour ago