Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. bidder quantity bid gotham pension fund 1,980,000

Bidder Quantity Bid Gotham Pension Fund 1,980,000 Clark Kent Investors 1,200,000 530,000 Central City Insurance...

80.2K

Verified Solution

Question

Finance

imageimage

Bidder Quantity Bid Gotham Pension Fund 1,980,000 Clark Kent Investors 1,200,000 530,000 Central City Insurance Arthur Curry 430,000 Barry Allen 290,000 Total 4,430,000 P15-15 (similar to) Question Help Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.2% commission fee The SEC has authorized Wayne 4,820,000 shares for this issue. He plans to keep 1,000,000 shares for himself, hold back an additional 180,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 450,000 shares, and sell the remain ing shares at $15.25 a share. Given the bids at the auction (shown on the table here , distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students