X company just hired the invesmnt frim y to sell 25000000, Financial Management

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X company just hired the invesmnt frim y to sell 25000000

X company just hired the invesmnt frim Y to sell $25,000,000 of company X common stock. X company has been public for 10 years. Firm Y will purches these stock from X company for $23,250,000 in cash. Then Firm Y will try to sell the stock to investors for $25,000,000. What kind of transaction is this?

1- An IPO

2- Firm commitment Underwriting

3- Best Efforts Underwriting

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Financial Management: X company just hired the invesmnt frim y to sell 25000000

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Financial Management: X company just hired the invesmnt frim y to sell 25000000

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