The firms stock price increased 175 percent on the first, Finance Basics

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The firms stock price increased 175 percent on the first

Suppose that a biotech firm in Pittsburgh raised $124 million in an IPO. The firm received $23 per share, and the stock sold to the public for $25 per share. The firm's legal fees, SEC registration fees, and other out-of-pocket costs were $641,000. The firm's stock price increased 17.5 percent on the first day. What was the total cost to the firm of issuing the securities?

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Finance Basics: The firms stock price increased 175 percent on the first

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Finance Basics: The firms stock price increased 175 percent on the first

Reference No:- TGS0604501

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The firms stock price increased 175 percent on the first

Reference No:- TGS0604501

Recent Questions Asked Finance Basics

Q : Ten days after it was launched toward mars in december 1998

Q : The company just paid its annual dividend in the amount of

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Q : The firms stock price increased 175 percent on the first

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Q : A system is needed to measure flow which continuously

Q : On august 19 2004 google issued its ipo of 197 million

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