Mnagement negotiated a fee the underwriting spread of 8
Question - Chen Brothers Inc. sold 2 million shares in its IPO, at a price of $ 18.50 per share. Management negotiated a fee (the underwriting spread) of 8 % on this transaction. What was the dollar cost of this fee?
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question - chen brothers inc sold 2 million shares in its ipo at a price of 1850 per share management negotiated a fee
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