ReeseMoffitt1426 ReeseMoffitt1426

01-05-2024
Business

Answered

ABC C. just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 3 million shares of common stock, and the underwriting fees were $3.64 per share. The offering price was $30.00 per share.
What were the total proceeds from the common stock sale?

Answer :

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