Margoles Publishing recently completed its IPO. The stock was offered at a price of $14.14 per share. On the first day of trading, the stock closed at $19.15 per share. If Margoles Publishing paid an underwriting spread of 7.3% for its IPO and sold 6 million shares, what was the total cost (exclusive of underpricing) to the company of going public? The total cost of going public was $ million. (Round to one decimal place.)

Margoles Publishing recently completed its IPO. The stock was offered at a price of $14.14 per share. On the first day of trading, the stock closed at $19.15 per share. If Margoles Publishing paid an underwriting spread of 7.3% for its IPO and sold 6 million shares, what was the total cost (exclusive of underpricing) to the company of going public? The total cost of going public was $ million. (Round to one decimal place.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 15Q: According to a company press release, on January 5, 2012, Hansen Natural Corporation changed its...

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