Ask Question
BusinessBusiness
24 March, 23:30

Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share. a. What was the percentage underwriting spread?

+3
Answers (1)
  1. 24 March, 23:53
    0
    5.5%

    Explanation:

    The underwriting spread = $0.66 per share

    the percent underwriting spread = ($0.66 / $12) x 100 = 5.5%

    The underwriting express is the fee that the underwriter of the stock (usually an investment bank) will charge the company for carrying out the transaction, either an IPO or simply issuing more stocks.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If a firm applies its overall firm's beta to projects with varying levels of risk, the firm will tend to: Multiple Choice a. reject the riskiest projects. b. accept all low-risk projects. c. become riskier over time. d.
Answers (1)
What happens when a bond becomes due? A The issuer will pay you back, minus interest. B The issuer will pay you back, plus interest. C You pay it back to the issuer, plus interest. D You pay it back to the issuer, minus interest.
Answers (2)
Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her freshman year at State University during Fall 2018, and Arethia is beginning her senior year at Northeast University during
Answers (1)
What are possible problems that can happen when karst aquifers are refilling during storms?
Answers (1)
During a conference call with the corporate office, you are told by a senior executive that you will be going abroad in the next week to finalize a large account.
Answers (1)
New Questions in Business
Josh and Joe are opening a couture clothing boutique. There are no competing couture clothing boutiques in the area. They must decide how to organize the business.
Answers (1)
An accumulated depreciation account has a normal credit balance. increases on the debit side. is a contra-liability account. is offset against total assets on the balance sheet.
Answers (1)
If women are underutilized in an organization, the organization should implement plans to correct the underutilization. the organization should implement hiring quotas for women until the underutilization no longer exists.
Answers (1)
Which of the following is a deficiency of using a static planning budget in performance reports? A. The report compares actual revenues and costs at one level of activity with budgeted revenues and costs at the same level of activity B.
Answers (1)
Cindy is concerned because during the past four months her company has experienced difficulty in paying its bills on time. She knows if this continues, the firm will have difficulties in accomplishing its goals. Cindy is concerned with:A.
Answers (1)
Home » Business » Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share. a. What was the percentage underwriting spread?
Sign Up Forgot Password?