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Tneary Tneary
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Posts: 463
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4 years ago
Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million.  Which of the following is likely to be true?

▸ The cost of the IPO to Dusty will be about $7 million.

▸ The price of the stock will be less than $15 at the close of the first trading day.

▸ The stock will perform very well in the three to five years after the issue.

▸ None of the above is likely to happen.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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wrote...
#1
4 years ago
The cost of the IPO to Dusty will be about $7 million.
Tneary Author
wrote...
#2
4 years ago
Thanks
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