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Business, 25.06.2021 02:20 mervindavisk

Moonscape has just completed an initial public offering. The firm sold 3 million shares at an offer price of $10 per share. The underwriting spread was $0.50 a share. The price of the stock closed at $15.00 per share at the end of the first day of trading. The firm incurred $300,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised

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Moonscape has just completed an initial public offering. The firm sold 3 million shares at an offer...

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