Consider the Following Information About an IPO

question 19

Multiple Choice

Consider the following information about an IPO. The net proceeds to the issuing firm are $141.75 million. The public offering price is $50 per share. The spread is $2.75 per share. Two million shares are sold. How many shares are issued in this IPO?

• A) 3,500,000
• B) 3,000,000
• C) 2,500,000
• D) 2,000,000