Business, 20.08.2021 21:00 tiffcarina69
Jones Securities, Inc. is the lead underwriter for NewCo, which plans to sell 5 million shares of stock to the public at an offering price of $27.00 per share. The manager's fee is $.25, the underwriting fee is $.20 and the full takedown is $.85. Jane Securities is an underwriter in the transaction and has a 15% allocation. Of its allocation, it sells 2/3 of the shares directly to clients and the remaining third are sold by its selling group. What is the total compensation received by Jane Securities
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Jones Securities, Inc. is the lead underwriter for NewCo, which plans to sell 5 million shares of st...
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