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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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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 ...
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