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Initial public offering  On April​ 13, 2017​, Yext Inc. completed its IPO on the NYSE. Yext...

Initial public offering  On April​ 13, 2017​, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of ​$11 with an underwriting discount of ​$0.77 per share.​ Yext's closing stock price on the first day of trading on the secondary market was ​$13.41,and 85,489,470 shares were outstanding.

a. Calculate the total proceeds for​ Yext's IPO.

b. Calculate the percentage underwriter discount.

c. Calculate the dollar amount of the underwriting fee for​ Yext's IPO.

d. Calculate the net proceeds for​ Yext's IPO.

e. Calculate​ Yext's IPO underpricing.

f. Calculate​ Yext's market capitalization.

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jeff jeffy answered 3 months ago
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