Kees corporation offers 35000 shares of common stock to the, Ask an Expert

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Kees Corporation offers 35,000 shares of common stock to the public in an initial public offering (IPO). The underwriters agree to provide their services in a best efforts underwriting. The offering price is set at $27.50. The gross spread is $3. After completing their sales efforts the underwriters determine that they were able to sell a total of 32,750 shares. How much cash did Kees Corporation receive from its IPO?

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Financial Management, Finance

Category:- Financial Management
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