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...