Match Group went public in November 2021. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was $2.46 a share, and the direct expenses were $0.39 a share a. What was the percentage underwriting spread? Note: Enter your answer as a percent rounded to 1 decimal place. b. How much did the company raise after all expenses? Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. c. On its first day of trading, the stock closed at $2014. Calculate the total dollar cost of underpricing Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. a. Underwriting spread percentage b. Company raised c. Cost of the underpricing %
Match Group went public in November 2021. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was $2.46 a share, and the direct expenses were $0.39 a share a. What was the percentage underwriting spread? Note: Enter your answer as a percent rounded to 1 decimal place. b. How much did the company raise after all expenses? Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. c. On its first day of trading, the stock closed at $2014. Calculate the total dollar cost of underpricing Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar. a. Underwriting spread percentage b. Company raised c. Cost of the underpricing %
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
Section: Chapter Questions
Problem 1PS
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can somone please help me with the correct answers. someone gave my wrong answer
Transcribed Image Text:Match Group went public in November 2021. The company sold 17,833,333 shares at $15.6 per share. The underwriting spread was
$2.46 a share, and the direct expenses were $0.39 a share.
a. What was the percentage underwriting spread?
Note: Enter your answer as a percent rounded to 1 decimal place.
b. How much did the company raise after all expenses?
Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar.
c. On its first day of trading, the stock closed at $2014. Calculate the total dollar cost of underpricing
Note: Enter your answer in dollars not millions. Round your answer to the nearest dollar.
a. Underwriting spread percentage
b. Company raised
c. Cost of the underpricing
%
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