contestada

ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 3 million shares of common stock, and the underwriting fees were $2.83 per share. The offering price was $30.00 per share.

Respuesta :

Parrain

Answer: $150,000,000

Explanation:

Question is:

What were the total proceeds from the common stock sale?

Total proceeds refer to the total amount that the sale of the stock generated. This means that you should not account for the underwriting fees as of yet but just the amount that came in.

= Number of shares sold * price per share

= 3,000,000 * 30

= $150,000,000

Otras preguntas