Business, 05.05.2020 19:32 brinleychristofferse

Pawprints Paint recently went public in a best efforts offering. The company offered 125,000 shares of stock for sale at an offer price of $49 per share. The administrative costs associated with the offering were $365,000 and the underwriter's spread was 6.5 percent. After completing their sales efforts, the underwriters determined that they sold a total of 120,100 shares. What were the net proceeds to the company?

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Pawprints Paint recently went public in a best efforts offering. The company offered 125,000 shares...

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