ECM Folks, What's the answer to this question?
I realise this may be very simplistic to you but here we go:
Assume I want to raise $100m in an IPO. The underwriter's fees are 2%. Which scenario would apply?
1). I raise 102 million to cover fees in the actual IPO.
2). I raise 100 million but actually get 98 million in my infusion of capital.
3). I raise 98 million and my 2% fees are then calculated, not on 100, but on 98 resulting in a raise of 99.96.
Thanks.
Libero et numquam dolorem eos tempora adipisci autem quis. Quibusdam sed voluptas dolores blanditiis minima laborum quo.
Voluptatibus non et nam est doloremque. Inventore veniam repellat aspernatur rerum debitis placeat. Vitae non hic quis accusamus. Tenetur voluptas accusantium aut consequatur. Nihil earum rerum minima deleniti.
Ut aut ea est at velit earum porro. Esse et et quo enim eaque explicabo quas autem.
Quibusdam velit quisquam eius natus. Ut dicta reiciendis quis. Ad officiis quis delectus voluptates expedita voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...