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An IPO is offered at $14 per share for 6 million shares. The IPO underwriters had a spread of 7.5%. What proceeds did the firm receive from the IPO? OA. $77.7 million B. $90.3 million O C. $6.3 million O D. $84 million OE. $75 million

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Answer #1

A. $77.7 million

Proceeds receive from the IPO = 6 million shares × $14 × 92.5%

Proceeds receive from the IPO = $77.7 million

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