Dusty Corporation is issuing an IPO with an issue price of $15 per share that is expected to raise about $100 million. Which of the following is likely to be true?
A) The price of the stock will be less than $15 at the close of the first trading day.
B) The cost of the IPO to Dusty will be about $7 million.
C) The stock will perform very well in the three to five years after the issue.
D) None of the above is likely to happen.
Answer: B
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During the year, Nathan Township amended their General Fund budget to reflect an increase in appropriations of $50,000 to be funded by an appropriation of existing fund balance
What would the necessary budgetary entry be to reflect this amendment? Debit Credit A. Appropriations Revenues $50,000 50,000 B. Appropriations Budgetary Fund Balance $50,000 50,000 C. Revenues Appropriations $50,000 50,000 D. Budgetary Fund Balance Appropriations $50,000 50,000
A corporation consists of:
a. shareholders b. board of directors c. officers or managers d. shareholders and board of directors e. shareholders, board of directors, and officers or managers