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Tropical Vacations Inc just completed their IPO Under a firm commitment agreement

Tropical Vacations, Inc. just completed their IPO. Under a firm commitment agreement with the underwriters, Tropical received $32.75 for each of the 5 million shares sold. The initial offering price was $34.95 per share, and the stock rose to $38.95 per share in the first few minutes of trading. YD Tours paid $1,400,500 in direct legal and other costs and $575,000 in indirect costs. What is the net amount raised by Tropical Vacations? Select one: a. $174,750,000 b. $162,349,000 c. $194,750,000 d.

Jan 31 2020 View more View Less

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