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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#23
 
On April​ 13, 2017, Yext inc. completed its IPO on the NYSE. Yext sold
11,800,000
shares of stock at an offer price of
$9.21
per share.​ Yext's closing stock price on the first day of trading on the secondary market was
​$13.39.
a. Calculate the gross procceds for​ Yext's IPO.
b. Calculate​ Yext's IPO underpricing.
c. Calculate the money left on the table for​ Yext's IPO.
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