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Category > Business & Finance Posted 05 Aug 2017 My Price 6.00

Bellex Technologies agreed

Bellex Technologies agreed to complete its IPO on a best-effort basis. The company’s investment bank demanded a spread of 17 percent of the offer price, which was set at $30 per share. Three million shares were issued, however, the bank was overly optimistic and eventually was able to sell all of the stock for only $28 per share. What were the proceeds for the issuer and the underwriter?

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Status NEW Posted 05 Aug 2017 05:08 PM My Price 6.00

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