The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $21.85 for each of the 6.67 million shares sold. The initial offering price was $23.70 per share, and the stock rose to $30.21 per share in the first few minutes of trading. The company paid $917,000 in legal and other direct costs and $192,000 in indirect costs.
What is/are the...
Net Amount Raised
Direct Costs
Indirect Costs
Total Costs
Flotation Cost Percentage