Business, 17.12.2019 21:31, lindseylewis313

Cross country movers has just gone public. under a firm commitment agreement, the firm received $19.84 for each of the 2.12 million shares sold. the initial offering price was $24.40 per share, and the stock rose to $25 per share in the first few minutes of trading. the company paid $626,000 in legal and other direct costs and $105,000 in indirect costs. what was the flotation cost as a percentage of the funds raised?

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Cross country movers has just gone public. under a firm commitment agreement, the firm received $19....