Question Details
Hughes Technology Corp. recently went public with an initial
public offering in which it received a total of $62.15 million in
new capital funding. The underwriter used a firm commitment
offering in which the offer price was $17.65 and the underwriterAc??cs
spread was $1.50. Hughes also paid legal and other administrative
costs of $2.45 million for the IPO.
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Calculate the number of shares issued through this IPO.
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DATE ANSWEREDDec 08, 2020
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