Match Group went public in November 2021. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was $2.46 a share, and the direct expenses were $0.39 a share a. What was the percentage underwriting spread? Note: Enter your answer as a percent rounded to 1 decimal place. b. How much did the company raise after all expenses? Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. c. On its first day of trading, the stock closed at $2014. Calculate the total dollar cost of underpricing Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. a. Underwriting spread percentage b. Company raised c. Cost of the underpricing %
Match Group went public in November 2021. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was $2.46 a share, and the direct expenses were $0.39 a share a. What was the percentage underwriting spread? Note: Enter your answer as a percent rounded to 1 decimal place. b. How much did the company raise after all expenses? Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. c. On its first day of trading, the stock closed at $2014. Calculate the total dollar cost of underpricing Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. a. Underwriting spread percentage b. Company raised c. Cost of the underpricing %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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