On january 20 sullivan inc sow 8 million shares of stock in, Ask an Expert

Management Studies

On January 20. Sullivan Inc.. sow 8 million shares of stock in an SEO. The market price of Sullivan at the time was $42 50 per share Of the 8 million shares sold.

4 million shares were primary shares being sold by the company, and the remaining 4 million shares were being sold by the venture capital investors.

Assume the underwriter charges 5.3% of the gross proceeds as an underwriting fee

a. How much money did Sullivan raise?

b. How much money did the venture capitalists receive?

c. If the stock price dropped 3.3% on the announcement of the SEO and the new shares were sold at that price. how much money would Sullivan receive?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92797052

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