Business, 14.04.2020 19:26 sarahbennett11p4yxlb

Publishing recently completed its IPO. The stock was offered at a price of $ 13.81 per share. On the first day of trading, the stock closed at $ 18.17 per share. If Felton Publishing paid an underwriting spread of 7.3 % for its IPO and sold 12 million shares, what was the total cost (exclusive of underpricing) to it of going public?

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Publishing recently completed its IPO. The stock was offered at a price of $ 13.81 per share. On the...

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