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QUESTION
A company is planning an IPO of 10 million shares. Each share is expected to sell at $15 per share. The investment banker will charge an 8% spread...
A company is planning an IPO of 10 million shares. Each share is expected to sell at $15 per share. The investment banker will charge an 8% spread and incur expenses of $5,000,000. The company will incur expenses of $2,500,000. How much will the company receive if all shares sell at the expected price?
