An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $1.90 per share. The offering price was $25.10 per share. Total proceeds from common stock sale $125,500,000.00 Net proceeds to firm $116,000,000.00 (d)How much money did the investment bank receive in fees? Underwriting spread $

An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $1.90 per share. The offering price was $25.10 per share. Total proceeds from common stock sale $125,500,000.00 Net proceeds to firm $116,000,000.00 (d)How much money did the investment bank receive in fees? Underwriting spread $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Qd 112.
Having heard about IPO underpricing, I put in an order to my broker for 1, 120 shares of every IPO he can get for me. After 3 months, my investment record is as follows: IPO Shares Allocated to Me Price per Share Initial Return A 620 $ 10 6 % В 320 20 14 C 1, 1208-3D0 12 23 a. What is the average underpricing in dollars of this sample of IPOs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What is the average initial return on my "portfolio" of shares purchased from the four IPOs that I bid on? When calculating this average initial return, remember to weight by the amount of money invested in each issue.
YLD NET VOL PE 100s CLOSECHG BiminiMtg 1.99e 217 5 1575 9.17 0.12 BiomdRityTr 1.08 4.4 55 4250 24.30 -0.10 24 16514 24.83 1.10 WE Biovail 50p BisysGp If BlackDeck 1.12 26 6970 14.22 0.21 *** 1.3 13 9554 87.89 0.93 BlackHills 1.28 BikRk A 1.20 3.6 45 3350 35.25 0.64 0.52 901109 BlockHRs.50 2.0 14 31753 24.45 -0.10 1.1 34 dd 16535 3.73 -0.02 52-WEEK HI LO STOCK (DIV) 16.13 8.65 26.06 19.39 27.28 13.74 16.71 12.44 93.71 75.70 44.63 29.19 113.87 69.38 30 22.99 10.65 3.19 Bikbstr A.06) 10.18 2.96 Blkbstr B.04e 19.60 14.60 Blountint W 11.41 8.45 BISqlsrael 52e 4.7 Bluegreen 24.75 12.10 11 www 18.25 8.25 BluelinHidgs 50 4.4 18 33.84 17.704Blyth .46f 2.2 11 19.51 17.58 BdwikPipePtar 72.40 49.52 18 11.50 A 1.2 1618 3.39 0.06 1852 16.66 0.73 22 10.96 0.62 3646 16.70 0.90 791 11.39 0.14 1848 20.69 -0.26 2168 18.64 0.66 1.7 25 49135 70.44 0.20 ww www. *** 6.59 2.67 dd *** Boeing 1.20f BoisDArcEngy n Bombay BordersGrp 40f 19 16 BorgWarner 641 1.0 15 27.27 19.85 BostBeer 23 422 24.95 -0.05 76.67…
I think answer is $5.05 after founding