What is the amount that wyatt oil raised during the ipo


Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at $15 per share, and the underwriting spread is 6%. the IPO is a big success with investors, and the share price rises to $35 the first day of trading. what is the amount that Wyatt Oil raised during the IPO ?

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Accounting Basics: What is the amount that wyatt oil raised during the ipo
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