Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. match group went public in november 2018. the comp

Match Group went public in November 2018. The company sold 16,833,333 shares at $15.8 per...

90.2K

Verified Solution

Question

Finance

image

image

Match Group went public in November 2018. The company sold 16,833,333 shares at $15.8 per share. The underwriting spread was $2.56 a share, and the direct expenses were $0.40 a share. a. What was the percentage underwriting spread? (Enter your answer as a percent rounded to 1 decimal place.) Underwriting spread percentage b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Company raised c. On its first day of trading the stock closed at $20.44. Calculate the total dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Cost of the underpricing

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