The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $20.75 for each of th
Posted: Tue Nov 16, 2021 8:34 am
The Wiley Oakley Co. has just gone public. Under a firm
commitment agreement, the company received $20.75 for each of the
6.56 million shares sold. The initial offering price was $22.60 per
share, and the stock rose to $29.11 per share in the first few
minutes of trading. The company paid $906,000 in legal and other
direct costs and $181,000 in indirect costs. What is the net amount
raised? (Do not round intermediate calculations and enter your
answer in dollars, not millions of dollars, rounded to the nearest
whole number, e.g., 1,234,567.) What are the total direct costs?
(Do not round intermediate calculations and enter your answer in
dollars, not millions of dollars, rounded to the nearest whole
number, e.g., 1,234,567.) What are the total indirect costs? (Do
not round intermediate calculations and enter your answer in
dollars, not millions of dollars, rounded to the nearest whole
number, e.g., 1,234,567.) What are the total costs? (Do not round
intermediate calculations and enter your answer in dollars, not
millions of dollars, rounded to the nearest whole number, e.g.,
1,234,567.) What was the flotation cost as a percentage of funds
raised? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
commitment agreement, the company received $20.75 for each of the
6.56 million shares sold. The initial offering price was $22.60 per
share, and the stock rose to $29.11 per share in the first few
minutes of trading. The company paid $906,000 in legal and other
direct costs and $181,000 in indirect costs. What is the net amount
raised? (Do not round intermediate calculations and enter your
answer in dollars, not millions of dollars, rounded to the nearest
whole number, e.g., 1,234,567.) What are the total direct costs?
(Do not round intermediate calculations and enter your answer in
dollars, not millions of dollars, rounded to the nearest whole
number, e.g., 1,234,567.) What are the total indirect costs? (Do
not round intermediate calculations and enter your answer in
dollars, not millions of dollars, rounded to the nearest whole
number, e.g., 1,234,567.) What are the total costs? (Do not round
intermediate calculations and enter your answer in dollars, not
millions of dollars, rounded to the nearest whole number, e.g.,
1,234,567.) What was the flotation cost as a percentage of funds
raised? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)