Initial Public Offering (IPO), Istar Enterprises Shares Issued 25,000,000 Price per Share, Initially Offered to Public $80.00  Price, Close of First Day $83.00  IPO Underwriter Explicit Costs (percent of money raised) 0.07     Required:   Using the information above, calculate: total money raised from the IPO, underwriter costs, net proceeds to the firm, and value of the company at the end of the first day.     (Use cells A3 to B6 from the given information to complete this question.)     Proceeds and Costs from IPO Dollars Total Money Raised from IPO   Underwriter Costs   Net Proceeds to Company   Value of Company, End of First Day

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Initial Public Offering (IPO), Istar Enterprises
Shares Issued 25,000,000
Price per Share, Initially Offered to Public $80.00 
Price, Close of First Day $83.00 
IPO Underwriter Explicit Costs (percent of money raised) 0.07
   
Required:  
Using the information above, calculate: total money raised from the IPO, underwriter costs, net proceeds to the firm, and value of the company at the end of the first day.
   
(Use cells A3 to B6 from the given information to complete this question.)
   
Proceeds and Costs from IPO Dollars
Total Money Raised from IPO  
Underwriter Costs  
Net Proceeds to Company  
Value of Company, End of First Day   
   
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