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26 October, 00:20

Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share. a. What was the percentage underwriting spread?

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  1. 26 October, 00:41
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    5.5%

    Explanation:

    The underwriting spread = $0.66 per share

    the percent underwriting spread = ($0.66 / $12) x 100 = 5.5%

    The underwriting express is the fee that the underwriter of the stock (usually an investment bank) will charge the company for carrying out the transaction, either an IPO or simply issuing more stocks.
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Home » Business » Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66 a share, and the direct expenses were $0.21 a share. a. What was the percentage underwriting spread?
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