Question

On April? 13, 20172017?, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares...

On April? 13,

20172017?,

Yext Inc. completed its IPO on the NYSE. Yext sold

10,500,000

shares of stock at an offer price of

?$11

with an underwriting discount of

?$0.77

per share.? Yext's closing stock price on the first day of trading on the secondary market was

?$13.41?,

and

85,489,470

shares were outstanding.

a. Calculate the total proceeds for? Yext's IPO.

b. Calculate the percentage underwriter discount.

c. Calculate the dollar amount of the underwriting fee for? Yext's IPO.

d. Calculate the net proceeds for? Yext's IPO.

e. Calculate? Yext's IPO underpricing.

f. Calculate? Yext's market capitalization.

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