Accountancy, asked by kheriajasminder, 2 months ago

Offer price of Stock was $14 per share. The stock closed at $18 per share on first trading
day. Company Z paid underwriting spread at 5% for the IPO and sold 14 million shares.
Calculate the total cost for the company to go public?

Answers

Answered by lovebiggy2

1

total cost = (18_14)×14000000 + (14000000 × 5%)

=56700000

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