Wong industries has hired the investment banking firm of Friday, Kruse, & DeLatte (FKD) to help it go public. Wong and FDK agree that Wong`s current value of equity us &80 million. Wong currently has 5 million shares outstanding and will issue 1 million new shares. FDK charges a 6% spread. What is the correctly valued offer price? How much cash will Wong raise net of the spread?
Paper#27064 | Written in 18-Jul-2015Price : $27