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johnboycs johnboycs
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8 months ago
An investment bank recently sold 2 million shares during the IPO for Text Prediction Ltd. Each share was offered at $60, with a spread of $5 per share. Text Prediction received net proceeds of $137.5 million from this stock issue. How many shares were issued in this IPO, given that it was an underwritten issue? Assume no other costs of issuing shares.


▸

3,500,000



▸

3,000,000



▸

2,500,000



▸

2,000,000

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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browntown345browntown345
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8 months ago
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