ABC Co. just completed an IPO with an investment back in a firm commitment basis. The firm issue 6 million shares of common stock and the underwriting fees were $2.46 per share. the offering price was $30.00 per share. what was the total proceeds fro. the common stock sale?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
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ABC Co. just completed an IPO with an investment back in a firm commitment basis. The firm issue 6 million shares of common stock and the underwriting fees were $2.46 per share. the offering price was $30.00 per share. what was the total proceeds fro. the common stock sale?

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