A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Later, Netshoes sold 8 comma 250 comma 000 shares of stock to primary market investors in a follow-on offering at a price of $ 18.02, with an underwriting discount of 6.8%. Secondary market investors, however, were paying only $16.32 per share for Netshoes' 31 comma 025 comma 936 shares of stock outstanding. a. Calculate the total proceeds for Netshoes' follow-on offering. b. Calculate the dollar amount of the underwriting fee for Netshhoes' second offering. c. Calculate the net proceeds for Netshoes' second offering. d. Calculate market capitalization for Netshoes' outstanding stock prior to the follow-on issue. e. Calculate IPO underpricing for Netshoes' follow-on
Answers: 2
Business, 22.06.2019 15:40
The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.
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Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
A Brazilian company called Netshoes completed its IPO on April 12, 2017, and listed on the NYSE. Lat...
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