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Business, 14.04.2020 21:48 QueenNerdy889

Pawnee internet company Gryzzl is preparing for an upcoming IPO. The firm wants $300 million in net proceeds to fund its drone delivery service and build a new corporate campus. Gryzzl's pre-IPO equity value is $1200 million (making it a unicorn firm), and it has 30 million shares outstanding.
If the underwriter will charge 7% to manage the offering, what is a suitable per-share IPO price? Round your answer to the nearest penny, e. g. 12.993 --> 12.99, 12.987 --> 12.99

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Pawnee internet company Gryzzl is preparing for an upcoming IPO. The firm wants $300 million in net...
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