A company is planning an IPO of 10 million shares. Each share is expected to sell at $15 per share. The investment banker will charge an 8% spread and incur expenses of $5,000,000. The company will incur expenses of $2,500,000. How much will the company receive if all shares sell at the expected price?
Hi there! Click one of our representatives below and we will get back to you as soon as possible.