Raybac is about to go public its present stockholders own


Raybac is about to go public. Its present stockholders own 470,000 shares. The new public issue will represent 810,000 shares. The shares will be priced at $35 to the public with a 14% spread. The out-of pocket costs will be $580,000. What are the net proceeds to the firm?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Raybac is about to go public its present stockholders own
Reference No:- TGS01250832

Expected delivery within 24 Hours