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IPO

XYZ Corporation has just gone through its IPO. The total sale of stock from the primary offering was $10,500,000 net of transaction fees. The total from the secondary offering was $15,000,000. What is the total cash available to XYZ Corporation from its IPO?

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The net cash available to the company will be $10,500,000, ie, amount received from the primary offering only. The proceeds from the secondary holding does not go to ...

Solution Summary

XYZ Corporation has just gone through its IPO. The total sale of stock from the primary offering was $10,500,000 net of transaction fees. The total from the secondary offering was $15,000,000. What is the total cash available to XYZ Corporation from its IPO?

$2.19