Mullet technology is planning an ipo the company and its


Mullet Technology is planning an IPO. The company and its underwriter agree that the current value of equity of Mullet is $80 million. Mullet currently has 5 million shares outstanding and will issue 2 million new shares. The underwriter charges a 7% spread. What is the correctly valued offer price?

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Financial Management: Mullet technology is planning an ipo the company and its
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